BRIGADE

Aug 22 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• BRIGADE ENTERPRISES - JAYANT B MANMADKAR RESIGNS AS CFO OF BRIGADE

• BRIGADE ENTERPRISES LTD - PRADYUMNA KRISHNA KUMAR NAMED INTERIM CFO

Source text: ID:nBSE43j6JR

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Aug 8 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• BRIGADE - LAUNCHES A PREMIUM PLOTTED DEVELOPMENT IN EAST BENGALURU WITH REVENUE POTENTIAL OF 2.25 BILLION RUPEES

Source text: ID:nBSExjhb9

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Updates with more details, background paragraph 2 onwards

July 25 (Reuters) - Brigade Hotel Ventures' BRIA.NS 7.6-billion-rupee ($88 million) initial public offering was fully subscribed on the second day of bidding on Friday, as investor optimism about India's burgeoning hospitality sector strengthens.

Total bids matched the shares on offer, a fresh issue, exchange data showed as of 1:28 p.m. local time.

Shares of the hotel operator, which is aiming for a valuation of around $397 million, are slated to list on July 31, Thursday.

India's hotel operators are cashing in on the surge in travel, as both business and leisure trips rebound across the country. Fueling the momentum is a wave of wealthy Indians spending big on luxury, not just on stays, but on cars, apartments, designer watches and even upscale bathrooms.

Hospitality firms such as ITC Hotels ITCT.NS and Leela-owner Schloss Bangalore SCHL.NS have made a beeline for public markets over the past two years, betting on sustained demand for premium experiences.

Brigade Hotel Ventures first filed for an IPO in October with an offer size of 9 billion, with the trimmed IPO size coming after a partial debt repayment and pre-IPO fundraises.

The firm runs nine hotels across five Indian cities, partnering with Marriott MAR.O, Accor and IHG in the mid-to-upscale segments.

($1 = 86.5150 Indian rupees)

(Reporting by Hritam Mukherjee and Chandini Monnappa in Bengaluru; Editing by Sonia Cheema and Janane Venkatraman)

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Adds CEO comment in paragraph 5

July 21 (Reuters) - India's Brigade Hotel Ventures BRIA.NS set a price band of 85 to 90 rupees for its IPO, seeking a valuation of up to 34.19 billion rupees ($396.96 million), as it aims to expand its presence in the domestic hospitality sector.

The IPO of Brigade Hotel Ventures, the hospitality arm of Brigade Enterprises BRIG.NS, will open for bidding from July 24 to July 28.

The trimmed-down 7.6-billion-rupee ($88 million) IPO is a fresh issue, with the number of shares yet to be disclosed and proceeds earmarked for debt repayment and acquisitions.

Brigade Hotel Ventures first filed for an IPO in October with an offer size from 9 billion rupees.

CEO Ananda Natarajan told Reuters the reduction follows a 1.26 billion rupees pre-IPO funding round and a debt payment of about 5 million rupees made since June 24.

India's hospitality sector is on a strong upswing, fuelled by a rebound in travel, rising room rates, and steady demand from both leisure and business segments. With improving margins and growing investor interest, hotel firms are tapping public markets to fund growth.

The domestic hotel market has expanded nearly twelvefold between 2015 and 2025, with the luxury segment set to grow 74% over the next four years, driven by a robust project pipeline, according to consultancy Horwath HTL.

Brigade Hotel Ventures operates nine hotels across five Indian cities, with a total inventory of 1,604 keys. The properties are managed in partnership with global hospitality brands like Marriott, Accor and IHG, spanning the midscale to upper scale segments.

In February, the company announced plans to add five new hotels, including luxury properties, aiming to expand its portfolio to 2,560 keys by fiscal 2029.

The company competes with the newly listed Schloss Bangalore SCHL.NS, owner of luxury hotel chain "The Leela", among others.

($1 = 86.1300 Indian rupees)

(Reporting by Manvi Pant, Yagnoseni Das and Chandini Monnappa in Bengaluru; Editing by Sherry Jacob-Phillips and Janane Venkatraman)

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** Shares of Brigade Enterprises BRIG.NS rise 3.2% to 1125.6 rupees, their biggest one-day pct gain in over a month

** Real estate developer's arm BuzzWorks launches 50,000 square feet workspace at Hyderabad

** Analysts rate stock "strong buy" on avg; median PT is 1400 rupees - data compiled by LSEG

** Stock down 9.5% YTD

(Reporting by Aleef Jahan in Bengaluru)

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July 9 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• TO RAISE FUNDS VIA NON-CONVERTIBLE DEBENTURES

• BOARD MEETING ON JULY 14 TO APPROVE FUND RAISING

Source text: ID:nBSE5NGT2F

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** Shares of Sobha SOBH.NS up 4% to 1,442.7 rupees
** The property developer's Q4 consol net profit soared nearly six-fold to 408.6 mln rupees ($4.8 mln) on new apartment launches and strong price growth
** Revenues jumped 62.6%
** Stock set to rise for a third straight month
** More than 580,000 shares traded, 3x its 30-day moving avg
** Avg rating of 15 analysts is "buy", median PT is 1,610 rupees, ~11% higher than current price - data compiled by LSEG
** YTD SOBH down ~8%, while rivals Brigade Enterprises BRIG.NS and Prestige Estates Projects PREG.NS down ~12% and ~11%, respectively

(Reporting by Anuran Sadhu in Bengaluru)

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** Shares of Brigade Enterprises BRIG.NS rise 2.3% to 1,031.35 rupees

** Brigade Group signs joint agreement for plotted development project at Malur, East Bengaluru

** Project has gross development value of 1.75 bln rupees ($20.6 mln)

** Stock set to gain for sixth straight session

** BRIG down ~17% YTD

($1 = 85.1225 Indian rupees)

(Reporting by Vijay Malkar)

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April 21 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• BRIGADE GROUP SIGNS JDA FOR PLOTTED DEVELOPMENT IN EAST BENGALURU

• GROSS DEVELOPMENT VALUE OF PROJECT IS AROUND 1.75 BILLION RUPEES

Source text: ID:nBSE8JsF0s

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** Brigade Enterprises BRIG.NS climbs 2.7%, among broad market .NSEI rebound after 5.6% drop to 52-week low on Monday

** Gains helped by real estate developer's deal to jointly develop residential project in Mysuru with gross development value of 2.25 bln rupees ($26.2 mln)

** BRIG among top pct gainers on Nifty Realty .NIFTYREAL index, which is up 1.6%

** Stock rated "strong buy" on avg vs "buy" on remaining stocks on 10-member NIFTYREAL

** YTD, BRIG down 26%, tracking NIFTYREAL's 25% decline

($1 = 85.8570 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

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** Brigade Enterprises BRIG.NS climbs as much as 6.5% to at 1,057.85 rupees, nearly 6-week high

** Real estate developer buys 4.4-acre land parcel in Bengaluru for premium residential project

** Project's gross development value is 9.5 bln rupees (~$111 mln)

** Over 526,000 shares traded vs 30-day avg of 352,687

** Stock top gainer on Nifty realty index .NIFTYREAL, which is up 0.22%

** BRIG rated "buy" on avg, same as peer Oberoi Realty OEBO.NS and Godrej Properties GODR.NS, per data compiled by LSEG

** YTD, BRIG, OEBO, GODR down 20%, ~28% and 21%, respectively

($1 = 85.6820 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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March 24 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• ACQUIRES LAND WORTH 4.4 ACRES IN WHITEFIELD, BENGALURU

• WILL BUILD PROJECT WITH GROSS DEVELOPMENT VALUE OF 9.50 BILLION RUPEES

Source text: ID:nBSE3jSLrZ

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March 18 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• SUBSIDIARY ZOIROS PROJECTS ALLOTTED SHARES TO CO AND GRUHAS PROPTECH LLP

• ZPPL SHAREHOLDING NOW 50% BRIGADE, 50% GRUHAS

  
  

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March 14 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• BRIGADE - LAUNCHED BRIGADE ETERNIA, A RESIDENTIAL PROJECT

• BRIGADE - PROJECT HAS A REVENUE POTENTIAL OF OVER 27 BILLION RUPEES

• BRIGADE - PROJECT TO BE COMPLETED BY MARCH 31, 2030

Source text: ID:nBSE3Pdwmv

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March 13 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• BRIGADE ENTERPRISES - BRIGADE GROUP LAUNCHES PREMIUM RESIDENTIAL PROJECT EBONY AT BRIGADE ORCHARDS

• BRIGADE ENTERPRISES LTD - PROJECT LOCATED IN DEVANAHALLI

• BRIGADE ENTERPRISES LTD - PROJECT HAS REVENUE POTENTIAL OF OVER 3.80 BILLION RUPEES

Source text: ID:nNSE37qpt9

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March 6 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• BRIGADE ENTERPRISES LTD - GROUP LAUNCHES BRIGADE ALTIUS WITH 17 BILLION RUPEES REVENUE POTENTIAL

Source text: ID:nBSE6Dfn67

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** Shares of Brigade Enterprises BRIG.NS rise 3.3% to 1,129 rupees

** Stock top pct gainer on the Nifty realty index .NIFTYREAL, which is up 1.3%

** Real estate developer's Q3 consol net profit more than trebles, driven by rising demand for luxury homes, office spaces

** Avg of analysts' rating on stock is "strong buy" vs "buy" on peers Oberoi Realty OEBO.NS, Godrej Properties GODR.NS; their median PT on BRIG is 1,450 rupees - LSEG data

** Stock rose 38.6% in 2024 vs 34% gain in Nifty realty index

(Reporting by Aleef Jahan in Bengaluru)

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Jan 29 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• Q3 CONSOL NET PROFIT 2.36 BILLION RUPEES

• Q3 CONSOL REVENUE FROM OPERATIONS 14.64 BILLION RUPEES

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Jan 8 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• ANNOUNCED LAUNCH OF BRIGADE GATEWAY AT NEOPOLIS, KOKAPET, HYDERABAD

• PROJECT WILL HAVE SALES POTENTIAL OF 33 BILLION RUPEES

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Jan 2 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• BRIGADE ENTERPRISES LTD - SUBSIDIARIES ACQUIRE 51% STAKE IN ANANTHAY PROPERTIES

• BRIGADE ENTERPRISES LTD - ACQUISITION COST 19.4 MILLION RUPEES

Source text: ID:nNSE9nBgl9

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Dec 18 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• LAUNCHES BRIGADE CITRINE RESIDENTIAL PROJECT

• PROJECT ESTIMATED GDV OF 5 BILLION RUPEES

Source text: ID:nNSEbQ7F8C

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** Apartment launch pipelines by Indian homebuilders are strong for second half of ongoing fiscal year, says brokerage Nuvama

** Brokerage's top picks are Bengaluru-focussed developers Brigade Enterprises BRIG.NS and Prestige Estates Projects PREG.NS

** On the day BRIG up 2.1%, PREG rises 1.8%

** New launches should lead to ramp up in bookings amid low inventory levels and two straight quarters of weakness (Q1 and Q2) - Nuvama

** October launches "decent" across geographies - Nuvama

** Developers have ramped up land capex Y/Y in FY25, utilizing "virtually entire operating cash flows" while debt remained comfortable, which bodes well for growth in next 6-8 quarters, says brokerage

** YTD, shares of BRIG up 38.6% and PREG up 41.2% compared to 31.6% gain in the Nifty Realty Index .NIFTYREAL

(Reporting by Hritam Mukherjee and Ananta Agarwal in Bengaluru)

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** Shares of India's Brigade Enterprises BRIG.NS drop 2% to 1,051 rupees

** Property developer posted Q2 profit slide on delayed launches in key Bengaluru market

** On the day, BRIG only loser in ten-member Nifty realty index .NIFTYREAL, which is up ~1%

** YTD stock has gained ~19%

(Reporting by Hritam Mukherjee in Bengaluru)

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Nov 13 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• BRIGADE ENTERPRISES Q2 CONSOL NET PROFIT 1.19 BILLION RUPEES

• BRIGADE ENTERPRISES Q2 CONSOL REVENUE FROM OPERATIONS 10.72 BILLION RUPEES

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Nov 7 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• BRIGADE SIGNS JDA TO DEVELOP 1 MILLION SFT RESIDENTIAL APARTMENTS IN WEST CHENNAI

• PROJECT TO HAVE A GDV OF ABOUT 8 BILLION RUPEES

Source text: ID:nBSE49fKcJ

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Oct 30 (Reuters) -

• BRIGADE HOTEL VENTURES FILES FOR IPO - DRAFT PAPERS

• BRIGADE HOTEL VENTURES IPO: FRESH ISSUE OF SHARES WORTH UP TO 9 BILLION RUPEES

• BRIGADE HOTEL VENTURES IPO: JM FINANCIAL, ICICI SECURITIES AMONG BOOKRUNNING LEAD MANAGERS

• BRIGADE HOTEL VENTURES IPO: NET PROCEEDS TO BE USED FOR REPAYMENT, BUYING LAND

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Sept 9 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• LETTERS RELATING TO BUYING OPPORTUNITIES OF CO'S SHARES AT A DISCOUNT ARE FAKE

• COMPANY HAS NOT PROMOTED/AUTHORISED ANY TRADING PLAN

• CO IN PROCESS OF TAKING LEGAL ACTION AGAINST "UNSCRUPULOUS ELEMENTS"

Source text for Eikon: ID:nBSEbwJzVB

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Aug 16 (Reuters) - Brigade Enterprises Ltd BRIG.NS:

• BRIGADE - BRIGADE GROUP PARTNERS WITH ABCOFFEE

Source text for Eikon: ID:nBSEqF0C2

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** India's Nifty realty index .NIFTYREAL adds ~1.5%, extends gains into second straight session

** India eases new property tax rules to now allow individuals to also opt for property sales with indexation benefits, or for new rule of sales without indexation benefits

** Before the 2-day rally, realty stocks had slid ~9% in 10 sessions since new rule was made mandatory in budget on July 23

** The 2-day rally cuts losses since budget day to ~7%, while the benchmark Nifty 50 .NSEI has dropped ~1%

** All 10 realty index members trading higher on the day, led by DLF's DLF.NS 2.7% increase

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of India's Brigade Enterprises BRIG.NS jump ~5% to 1175 rupees, cooling off an 11% surge earlier

** BRIG top gainer on Nifty realty index .NIFTYREAL, which adds 2.7% on the day

** Property developer's Q1 profit more than doubled, rev jumped ~65%

** Stock set to rise for the first session in three, if gains hold

** YTD stock had risen 25%, tracking similar gains in NIFTYREAL

(Reporting by Hritam Mukherjee in Bengaluru)

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