Brigade Enterprises
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Aug 13 (Reuters) - Brigade Enterprises Limited BRIG.NS:
JUNE-QUARTER CONSOL NET PROFIT 2 BILLION RUPEES
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 11.2 BILLION RUPEES
Source text: ID:nBSEbm9ppq
Further company coverage: BRIG.NS
(([email protected];;))
Aug 13 (Reuters) - Brigade Enterprises Limited BRIG.NS:
JUNE-QUARTER CONSOL NET PROFIT 2 BILLION RUPEES
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 11.2 BILLION RUPEES
Source text: ID:nBSEbm9ppq
Further company coverage: BRIG.NS
(([email protected];;))
July 31 (Reuters) - LG Balakrishnan & Bros Ltd LGB.NS:
LG BALAKRISHNAN & BROS LTD JUNE-QUARTER CONSOL NET PROFIT 670.2 MILLION RUPEES
LG BALAKRISHNAN & BROS LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 7.99 BILLION RUPEES
LG BALAKRISHNAN & BROS - APPROVED AGREEMENT WITH BRIGADE ENTERPRISES FOR DEVELOPING CO'S LAND IN MYSORE
Source text: [ID:]
Further company coverage: LGB.NS
(([email protected];;))
July 31 (Reuters) - LG Balakrishnan & Bros Ltd LGB.NS:
LG BALAKRISHNAN & BROS LTD JUNE-QUARTER CONSOL NET PROFIT 670.2 MILLION RUPEES
LG BALAKRISHNAN & BROS LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 7.99 BILLION RUPEES
LG BALAKRISHNAN & BROS - APPROVED AGREEMENT WITH BRIGADE ENTERPRISES FOR DEVELOPING CO'S LAND IN MYSORE
Source text: [ID:]
Further company coverage: LGB.NS
(([email protected];;))
July 29 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
BRIGADE - ACQUIRED 2-ACRE LAND PARCEL ON KANAKAPURA ROAD IN SOUTH BENGALURU
BRIGADE - WILL DEVELOP A PREMIUM RESIDENTIAL PROJECT WITH GDV OF 4 BILLION RUPEES
Further company coverage: BRIG.NS
(([email protected];))
July 29 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
BRIGADE - ACQUIRED 2-ACRE LAND PARCEL ON KANAKAPURA ROAD IN SOUTH BENGALURU
BRIGADE - WILL DEVELOP A PREMIUM RESIDENTIAL PROJECT WITH GDV OF 4 BILLION RUPEES
Further company coverage: BRIG.NS
(([email protected];))
Brigade Enterprises' board approved a preferential issue of up to 34.23 lakh convertible warrants to promoter group entity Mysore Holdings at ₹526 apiece, raising about ₹180 crore, as well as a plan to issue non-convertible debentures up to ₹1,500 crore on a private placement basis. The board also cleared a new employee stock option plan, scheduled the 31st annual general meeting for 13 August 2026, and set 5 August as the record date for a final dividend of ₹2 per share for FY 2025‑26.
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Brigade Enterprises' board approved a preferential issue of up to 34.23 lakh convertible warrants to promoter group entity Mysore Holdings at ₹526 apiece, raising about ₹180 crore, as well as a plan to issue non-convertible debentures up to ₹1,500 crore on a private placement basis. The board also cleared a new employee stock option plan, scheduled the 31st annual general meeting for 13 August 2026, and set 5 August as the record date for a final dividend of ₹2 per share for FY 2025‑26.
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July 15 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
BRIGADE - APPROVED ISSUANCE OF NCDS ON PRIVATE PLACEMENT BASIS FOR UPTO 15 BILLION RUPEES
BRIGADE- APPROVED ISSUANCE OF WARRANTS FOR UPTO 1.80 BILLION RUPEES
Source text: [ID:]
Further company coverage: BRIG.NS
(([email protected];))
July 15 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
BRIGADE - APPROVED ISSUANCE OF NCDS ON PRIVATE PLACEMENT BASIS FOR UPTO 15 BILLION RUPEES
BRIGADE- APPROVED ISSUANCE OF WARRANTS FOR UPTO 1.80 BILLION RUPEES
Source text: [ID:]
Further company coverage: BRIG.NS
(([email protected];))
July 10 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
BRIGADE - BOARD TO CONSIDER FUND RAISING VIA ISSUE OF SECURITIES ON JULY 15, 2026
Source text: ID:nBSE8mjRpG
Further company coverage: BRIG.NS
(([email protected];))
July 10 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
BRIGADE - BOARD TO CONSIDER FUND RAISING VIA ISSUE OF SECURITIES ON JULY 15, 2026
Source text: ID:nBSE8mjRpG
Further company coverage: BRIG.NS
(([email protected];))
Corrects spelling of 'about' in bullet 4
** Shares of Brigade Enterprises BRIG.NS fall 2.3% to 542 rupees
** Real estate developer says environmental clearance for Chennai residential project has been revoked
** BRIG says it is appealing against the order and exploring all appropriate legal and regulatory remedies
** YTD, BRIG down about 18%
(Reporting by Vijay Malkar)
(([email protected];))
Corrects spelling of 'about' in bullet 4
** Shares of Brigade Enterprises BRIG.NS fall 2.3% to 542 rupees
** Real estate developer says environmental clearance for Chennai residential project has been revoked
** BRIG says it is appealing against the order and exploring all appropriate legal and regulatory remedies
** YTD, BRIG down about 18%
(Reporting by Vijay Malkar)
(([email protected];))
Brigade Enterprises announced that the Tamil Nadu State Level Environment Impact Assessment Authority revoked the environmental clearance for its residential project 'Brigade Morgan Heights' in Chennai, a decision the company called legally unsustainable and procedurally improper. The developer said it received no prior notice or hearing before the revocation, which came as a shock given that the Madras High Court had dismissed a public interest litigation against the project just three months ago. Brigade, which has made substantial investments and begun construction, is appealing the order and exploring all legal remedies. The company also noted that the proposed Ramsar site zone covers over 11,000 acres in South Chennai, potentially affecting other projects and landowners.
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Brigade Enterprises announced that the Tamil Nadu State Level Environment Impact Assessment Authority revoked the environmental clearance for its residential project 'Brigade Morgan Heights' in Chennai, a decision the company called legally unsustainable and procedurally improper. The developer said it received no prior notice or hearing before the revocation, which came as a shock given that the Madras High Court had dismissed a public interest litigation against the project just three months ago. Brigade, which has made substantial investments and begun construction, is appealing the order and exploring all legal remedies. The company also noted that the proposed Ramsar site zone covers over 11,000 acres in South Chennai, potentially affecting other projects and landowners.
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** IDBI Capital initiates coverage on Brigade Hotel Ventures BRIA.NS with "buy", TP at 86 rupees
** Shares of BRIA up as much as 1.24% to 62.24 rupees
** Brokerage says BRIA's strong presence in southern India, aggressive expansion plans and backing from Brigade Group position it for long-term growth
** Expects net sales and EBITDA to grow at a CAGR of 22.8% and 28.3%, respectively, over FY26-28
** Says new hotel assets coming onstream by FY30 should support higher room rates and profitability
** YTD stock down 8.31%
(Reporting by Devika Nair in Bengaluru)
(([email protected];))
** IDBI Capital initiates coverage on Brigade Hotel Ventures BRIA.NS with "buy", TP at 86 rupees
** Shares of BRIA up as much as 1.24% to 62.24 rupees
** Brokerage says BRIA's strong presence in southern India, aggressive expansion plans and backing from Brigade Group position it for long-term growth
** Expects net sales and EBITDA to grow at a CAGR of 22.8% and 28.3%, respectively, over FY26-28
** Says new hotel assets coming onstream by FY30 should support higher room rates and profitability
** YTD stock down 8.31%
(Reporting by Devika Nair in Bengaluru)
(([email protected];))
May 25 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
BRIGADE GROUP SIGNS JDA FOR 8.50 BILLION RUPEES PREMIUM RESIDENTIAL PROJECT IN HYDERABAD
Source text: ID:nBSEvQx2T
Further company coverage: BRIG.NS
(([email protected];))
May 25 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
BRIGADE GROUP SIGNS JDA FOR 8.50 BILLION RUPEES PREMIUM RESIDENTIAL PROJECT IN HYDERABAD
Source text: ID:nBSEvQx2T
Further company coverage: BRIG.NS
(([email protected];))
May 6 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
BRIGADE MARCH-QUARTER CONSOL NET PROFIT 1.45 BILLION RUPEES
BRIGADE MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 14.58 BILLION RUPEES
Source text: [ID:]
Further company coverage: BRIG.NS
(([email protected];))
May 6 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
BRIGADE MARCH-QUARTER CONSOL NET PROFIT 1.45 BILLION RUPEES
BRIGADE MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 14.58 BILLION RUPEES
Source text: [ID:]
Further company coverage: BRIG.NS
(([email protected];))
April 28 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
BRIGADE - BRIGADE GROUP ACQUIRES 5.72 ACRES LAND IN HYDERABAD; TO DEVELOP A RESIDENTIAL PROJECT
BRIGADE - LAND PARCEL ACQUIRED AT 440 MILLION RUPEES PER ACRE
Source text: ID:nBSE3DHCPC
Further company coverage: BRIG.NS
(([email protected];))
April 28 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
BRIGADE - BRIGADE GROUP ACQUIRES 5.72 ACRES LAND IN HYDERABAD; TO DEVELOP A RESIDENTIAL PROJECT
BRIGADE - LAND PARCEL ACQUIRED AT 440 MILLION RUPEES PER ACRE
Source text: ID:nBSE3DHCPC
Further company coverage: BRIG.NS
(([email protected];))
** India's Nifty's real estate sector .NIFTYREAL gains 2.4%, hits over-one-month high
** Rate-sensitive index set for over 13% weekly gain - its strongest showing since September 2021
** Outperforming other sub-indexes for weekly gains, the index houses names such as Prestige PREG.NS, Lodha LODH.NS, DLF DLF.NS and Brigade BRIG.NS
** Index down 16.6% in March on Iran war-related losses
** FY27 expected to be launch-heavy for most players which will drive pre-sales growth; sharp price correction provides attractive entry points - HDFC Securities
** With Reserve Bank of India keeping rates steady on Wednesday, Anuj Puri, chairman, Anarock group noted steady rates means stability for current and future home loan borrowers
** For people buying homes, its good news and they can move forward with more confidence - Puri
** YTD, index down 13%; benchmark Nifty 50 .NSEI down 8%
(Reporting by Pranav Kashyap in Bengaluru)
(([email protected]; +919886482111;))
** India's Nifty's real estate sector .NIFTYREAL gains 2.4%, hits over-one-month high
** Rate-sensitive index set for over 13% weekly gain - its strongest showing since September 2021
** Outperforming other sub-indexes for weekly gains, the index houses names such as Prestige PREG.NS, Lodha LODH.NS, DLF DLF.NS and Brigade BRIG.NS
** Index down 16.6% in March on Iran war-related losses
** FY27 expected to be launch-heavy for most players which will drive pre-sales growth; sharp price correction provides attractive entry points - HDFC Securities
** With Reserve Bank of India keeping rates steady on Wednesday, Anuj Puri, chairman, Anarock group noted steady rates means stability for current and future home loan borrowers
** For people buying homes, its good news and they can move forward with more confidence - Puri
** YTD, index down 13%; benchmark Nifty 50 .NSEI down 8%
(Reporting by Pranav Kashyap in Bengaluru)
(([email protected]; +919886482111;))
** Shares of Brigade Enterprises BRIG.NS rise 9.6% to 735.05 rupees, on course to gain for third straight session
** Property developer launches Brigade Lumina residential project in Bengaluru, with revenue potential of over 7 bln rupees ($74.3 mln)
** Trading vols over 5x the 30-day average at 1.7 mln shares so far
** YTD, BRIG down ~17%
($1 = 94.2730 Indian rupees)
(Reporting by Vijay Malkar)
(([email protected];))
** Shares of Brigade Enterprises BRIG.NS rise 9.6% to 735.05 rupees, on course to gain for third straight session
** Property developer launches Brigade Lumina residential project in Bengaluru, with revenue potential of over 7 bln rupees ($74.3 mln)
** Trading vols over 5x the 30-day average at 1.7 mln shares so far
** YTD, BRIG down ~17%
($1 = 94.2730 Indian rupees)
(Reporting by Vijay Malkar)
(([email protected];))
March 26 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
BRIGADE GROUP LAUNCHES BRIGADE LUMINA IN BENGALURU WITH REVENUE POTENTIAL OVER 7 BILLION RUPEES
Source text: ID:nBSECCvcH
Further company coverage: BRIG.NS
(([email protected];;))
March 26 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
BRIGADE GROUP LAUNCHES BRIGADE LUMINA IN BENGALURU WITH REVENUE POTENTIAL OVER 7 BILLION RUPEES
Source text: ID:nBSECCvcH
Further company coverage: BRIG.NS
(([email protected];;))
March 25 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
LAUNCHES BRIGADE BELVEDERE WITH REVENUE POTENTIAL EXCEEDING 11 BILLION RUPEES
INITIAL PHASE INCLUDES TWO TOWERS WITH 773 PREMIUM RESIDENTIAL UNITS
Source text: ID:nBSE7gTNZ4
Further company coverage: BRIG.NS
(([email protected];;))
March 25 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
LAUNCHES BRIGADE BELVEDERE WITH REVENUE POTENTIAL EXCEEDING 11 BILLION RUPEES
INITIAL PHASE INCLUDES TWO TOWERS WITH 773 PREMIUM RESIDENTIAL UNITS
Source text: ID:nBSE7gTNZ4
Further company coverage: BRIG.NS
(([email protected];;))
March 13 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
BUZZWORKS LEASES OFFICE SPACE IN HYDERABAD TO MYCOMPLIANCEOFFICE
Source text: ID:nBSE5kZH1X
Further company coverage: BRIG.NS
(([email protected];))
March 13 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
BUZZWORKS LEASES OFFICE SPACE IN HYDERABAD TO MYCOMPLIANCEOFFICE
Source text: ID:nBSE5kZH1X
Further company coverage: BRIG.NS
(([email protected];))
** Shares of Brigade Enterprises BRIG.NS up 2.7% to 689 rupees, on track to rise for a second consecutive session
** Real estate developer enters the industrial real estate sector with an industrial park in Bengaluru in the southern Indian state of Karnataka
** Analysts rate stock "strong buy" on avg; median PT is 1,074 rupees - data compiled by LSEG
** Stock down 24% YTD
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
** Shares of Brigade Enterprises BRIG.NS up 2.7% to 689 rupees, on track to rise for a second consecutive session
** Real estate developer enters the industrial real estate sector with an industrial park in Bengaluru in the southern Indian state of Karnataka
** Analysts rate stock "strong buy" on avg; median PT is 1,074 rupees - data compiled by LSEG
** Stock down 24% YTD
(Reporting by Yagnoseni Das in Bengaluru)
(([email protected];))
March 10 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
BRIGADE FORAYS INTO INDUSTRIAL REAL ESTATE WITH BRIGADE INDUSTRIAL PARK
INDUSTRIAL PARK TO OFFER 2 MILLION SQ FT LEASABLE SPACE FOR STRATEGIC SECTORS
Source text: ID:nBSE9Yqw3t
Further company coverage: BRIG.NS
(([email protected];))
March 10 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
BRIGADE FORAYS INTO INDUSTRIAL REAL ESTATE WITH BRIGADE INDUSTRIAL PARK
INDUSTRIAL PARK TO OFFER 2 MILLION SQ FT LEASABLE SPACE FOR STRATEGIC SECTORS
Source text: ID:nBSE9Yqw3t
Further company coverage: BRIG.NS
(([email protected];))
March 3 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
LEASES 156,000 SQ FT AT BRIGADE TWIN TOWERS
LEASE AGREEMENT WITH MANN+HUMMEL FILTER AND LABCORP AT BRIGADE TWIN TOWERS
Source text: ID:nBSEb3B6KH
Further company coverage: BRIG.NS
(([email protected];))
March 3 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
LEASES 156,000 SQ FT AT BRIGADE TWIN TOWERS
LEASE AGREEMENT WITH MANN+HUMMEL FILTER AND LABCORP AT BRIGADE TWIN TOWERS
Source text: ID:nBSEb3B6KH
Further company coverage: BRIG.NS
(([email protected];))
Feb 26 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
STRATEGIC PARTNERSHIP BETWEEN BRIGADE GROUP AND PRIMUS SENIOR LIVING
PARTNERS WITH PRIMUS TO LAUNCH THREE COMMUNITIES
PROJECTS EXPECTED GDV ABOUT 7.50 BILLION RUPEES
Source text: ID:nBSE9FMYR0
Further company coverage: BRIG.NS
(([email protected];;))
Feb 26 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
STRATEGIC PARTNERSHIP BETWEEN BRIGADE GROUP AND PRIMUS SENIOR LIVING
PARTNERS WITH PRIMUS TO LAUNCH THREE COMMUNITIES
PROJECTS EXPECTED GDV ABOUT 7.50 BILLION RUPEES
Source text: ID:nBSE9FMYR0
Further company coverage: BRIG.NS
(([email protected];;))
Jan 30 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
BRIGADE - GROUP SIGNS AGREEMENT TO BUY LAND IN SECUNDERABAD
BRIGADE - SIGNS AGREEMENT TO BUY LAND IN SECUNDERABAD
BRIGADE - PROJECT ESTIMATED GROSS DEVELOPMENT VALUE OF 6.50 BILLION RUPEES
Source text: ID:nBSE9mcrwM
Further company coverage: BRIG.NS
(([email protected];;))
Jan 30 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
BRIGADE - GROUP SIGNS AGREEMENT TO BUY LAND IN SECUNDERABAD
BRIGADE - SIGNS AGREEMENT TO BUY LAND IN SECUNDERABAD
BRIGADE - PROJECT ESTIMATED GROSS DEVELOPMENT VALUE OF 6.50 BILLION RUPEES
Source text: ID:nBSE9mcrwM
Further company coverage: BRIG.NS
(([email protected];;))
** Shares of Indian hotel developer Brigade Hotel Ventures BRIA.NS rise 2.23% to 62.16 rupees
** Co's quarterly profit rises nearly 1.5x, rev from ops increases 11.6%
** Co expects growth to be led by existing hotels and ramp-up in select properties; strengthening portfolio with nine upcoming hotels in luxury and upscale segments - statement
** Both analysts covering the stock rate it "strong buy"; median PT is 113.50 rupees - LSEG
** Stock down ~7% so far in January
(Reporting by Abhirami G in Bengaluru)
** Shares of Indian hotel developer Brigade Hotel Ventures BRIA.NS rise 2.23% to 62.16 rupees
** Co's quarterly profit rises nearly 1.5x, rev from ops increases 11.6%
** Co expects growth to be led by existing hotels and ramp-up in select properties; strengthening portfolio with nine upcoming hotels in luxury and upscale segments - statement
** Both analysts covering the stock rate it "strong buy"; median PT is 113.50 rupees - LSEG
** Stock down ~7% so far in January
(Reporting by Abhirami G in Bengaluru)
Sept 26 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
BRIGADE ENTERPRISES LTD - COMPANY BUYS 100% STAKE IN AMG INFO PARK
BRIGADE ENTERPRISES LTD - ACQUISITION COST IS 134.4 MILLION RUPEES
Source text: ID:nBSE9hFVL3
Further company coverage: BRIG.NS
(([email protected];))
Sept 26 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
BRIGADE ENTERPRISES LTD - COMPANY BUYS 100% STAKE IN AMG INFO PARK
BRIGADE ENTERPRISES LTD - ACQUISITION COST IS 134.4 MILLION RUPEES
Source text: ID:nBSE9hFVL3
Further company coverage: BRIG.NS
(([email protected];))
Sept 22 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
BRIGADE ENTERPRISES LTD - SIGNS RESIDENTIAL DEVELOPMENT IN SOUTH BENGALURU WITH 12 BILLION RUPEES GDV
Source text: ID:nBSE7zhQ87
Further company coverage: BRIG.NS
(([email protected];))
Sept 22 (Reuters) - Brigade Enterprises Ltd BRIG.NS:
BRIGADE ENTERPRISES LTD - SIGNS RESIDENTIAL DEVELOPMENT IN SOUTH BENGALURU WITH 12 BILLION RUPEES GDV
Source text: ID:nBSE7zhQ87
Further company coverage: BRIG.NS
(([email protected];))
** Shares of Brigade Hotel Ventures BRIA.NS rise 0.5% to 83.93 rupees
** ICICI Securities initiates with "buy" rating, 117 rupees PT implying 43% upside to last close
** Brokerage highlights plans to 2x operational rooms by FY30 with 9 new hotels, 34 billion rupees ($385.09 million) capex
** Forecast 17% revenue, 20% EBITDA CAGR over FY25-28 on premium hotel ramp-up, margin expansion
** BRIA has strong growth potential as new high-end hotels open and start contributing more meaningfully to profits - ICICI Securities
** Says, co's valuation at around 20% discount to peers Lemon Tree LEMO.NS and Chalet Hotels CHAL.NS
** BRIA up around 3% since listing on July 31
($1 = 88.2900 Indian rupees)
(Reporting by Nishit Navin in Bengaluru)
** Shares of Brigade Hotel Ventures BRIA.NS rise 0.5% to 83.93 rupees
** ICICI Securities initiates with "buy" rating, 117 rupees PT implying 43% upside to last close
** Brokerage highlights plans to 2x operational rooms by FY30 with 9 new hotels, 34 billion rupees ($385.09 million) capex
** Forecast 17% revenue, 20% EBITDA CAGR over FY25-28 on premium hotel ramp-up, margin expansion
** BRIA has strong growth potential as new high-end hotels open and start contributing more meaningfully to profits - ICICI Securities
** Says, co's valuation at around 20% discount to peers Lemon Tree LEMO.NS and Chalet Hotels CHAL.NS
** BRIA up around 3% since listing on July 31
($1 = 88.2900 Indian rupees)
(Reporting by Nishit Navin in Bengaluru)
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
Further company coverage: BRIG.NS
(([email protected];))
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
Further company coverage: BRIG.NS
(([email protected];))
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
Further company coverage: BRIG.NS
(([email protected];;))
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
Further company coverage: BRIG.NS
(([email protected];;))
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)
(([email protected]; X: @MukherjeeHritam;))
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)
(([email protected]; X: @MukherjeeHritam;))
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Popular questions
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What does Brigade Enterprises do?
Brigade Enterprises is a prominent real estate developer in India, with a diverse portfolio spanning residential, commercial, retail and hospitality projects.
Who are the competitors of Brigade Enterprises?
Brigade Enterprises major competitors are Anant Raj, Sobha, Signatureglobal (I), Embassy Developments, Ganesh Housing, Valor Estate, Keystone Realtors. Market Cap of Brigade Enterprises is ₹20,858 Crs. While the median market cap of its peers are ₹9,018 Crs.
Is Brigade Enterprises financially stable compared to its competitors?
Brigade Enterprises seems to be less financially stable compared to its competitors. Altman Z score of Brigade Enterprises is 1.51 and is ranked 5 out of its 8 competitors.
Does Brigade Enterprises pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Brigade Enterprises latest dividend payout ratio is 7.59% and 3yr average dividend payout ratio is 8.91%
How has Brigade Enterprises allocated its funds?
Companies resources are allocated to majorly unproductive assets like Capital Work in Progress, Inventory
How strong is Brigade Enterprises balance sheet?
Brigade Enterprises balance sheet is weak and might have solvency issues
Is the profitablity of Brigade Enterprises improving?
The profit is oscillating. The profit of Brigade Enterprises is ₹784 Crs for TTM, ₹644 Crs for Mar 2026 and ₹686 Crs for Mar 2025.
Is the debt of Brigade Enterprises increasing or decreasing?
Yes, The net debt of Brigade Enterprises is increasing. Latest net debt of Brigade Enterprises is ₹742 Crs as of Mar-26. This is greater than Mar-25 when it was -₹1,244.88 Crs.
Is Brigade Enterprises stock expensive?
Brigade Enterprises is not expensive. Latest PE of Brigade Enterprises is 30.01, while 3 year average PE is 55.99. Also latest EV/EBITDA of Brigade Enterprises is 16.57 while 3yr average is 19.95.
Has the share price of Brigade Enterprises grown faster than its competition?
Brigade Enterprises has given better returns compared to its competitors. Brigade Enterprises has grown at ~-13.94% over the last 2yrs while peers have grown at a median rate of -26.69%
Is the promoter bullish about Brigade Enterprises?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Brigade Enterprises is 41.1% and last quarter promoter holding is 41.11%
Are mutual funds buying/selling Brigade Enterprises?
The mutual fund holding of Brigade Enterprises is increasing. The current mutual fund holding in Brigade Enterprises is 22.57% while previous quarter holding is 22.29%.