Seven Islands Shipping Limited files IPO papers with SEBI

MUMBAI,  4 October,  2017 (TGN) : Seven Islands Shipping Limited filed its Draft Red Herring Prospectus (DRHP)with the market regulator SEBI seeking permission for its Initial Public Offering (IPO).Seven Islands Shipping is the third largest liquid seaborne logistics company in India by deadweight tonnage(Source: CRISIL Research Report).

The IPO comprises of a Fresh Issue up to Rs. 2,000 million and an Offer for Sale aggregating up to Rs. 2,500.00 million Wayzata III Indian Ocean Limited, Thomas Wilfred Pinto and Leena Metylda Pinto.

The equity shares will have a face value of Rs 10 and the price band will be decided in consultation with the Book Running Lead Managers (BRLMs).

The Net Proceeds from the fresh issue will be utilised towards (i) acquisition of a VLCC vessel in the secondary market and (ii) general corporate purposes.

Edelweiss Financial Services Limited is the book running lead managers to the issue and Link Intime India Private Limited is the Registrar.ENDS

General Insurance Corporation of India’s Initial Public Offering To Open On October 11, 2017, With A Price Band Of ₹ 855 to₹ 912 Per Equity Share, Each Of Face Value Of ₹ 5 Each

Mrs. Alice G Vaidyan, CMD, General Insurance Corporation of India at the IPO press conference – Photo By Sachin Murdeshwar / TGN

MUMBAI, 4 October,  2017 (TGN) : General Insurance Corporation of India (“Company”/ the “Corporation”), will be launching its initial public offering (“IPO” or the “Offer”) which is scheduled to open on October 11, 017 and close on October 13, 2017, with a price band of ` 855 to `912 per Equity Share of face value of ` 5 each of the Company (the “Equity Shares”).

The IPO comprises a fresh issue of 17,200,000 equity shares by the Corporation (“Fresh Issue”) and an offer for sale of 107,500,000 equity shares by our promoter (the “Selling Shareholder”) (“Offer for sale”). The offer would include a reservation aggregating up to ₹116,800,000 for subscription by eligible employees (as defined in “Definitions and Abbreviations”) (the “Employee Reservation Portion”). The offer would constitute 14.22 % of post-offer paid-up equity share capital.

A discount of ₹ 45 on the Offer Price is being offered to Retail Individual Bidders (“Retail Discount”) and to Eligible Employees (Defined Below) Bidding in the Employee Reservation Portion (if any) (“Employee Discount”).

The Company proposes to utilize the net proceeds of the Fresh Issue towards (i) augmenting the capital base of the Corporation to support the growth of the business and to maintain current solvency levels; and (ii) General corporate purposes, subject to applicable law.

This Offer is being made through the Book Building Process, in terms of Rule 19(2)(b)(iii) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”) wherein at least 10% of the post Offer paid up equity share capital of the Corporation shall be offered to the public. The Offer is being made in accordance with Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (“SEBI ICDR Regulations”). The Offer is being made through the Book Building Process wherein not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (“QIB Portion”). 5% of the QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Offer Price.

Further, not less than 15% of the Net Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. The Offer includes an Employee Reservation Portion for Eligible Employees aggregating up to `116,800,000. All potential investors are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process providing details of their respective bank account which will be blocked by the SCSBs, to participate in this Offer.

Citigroup Global Markets India Private Limited, Axis Capital Limited, Deutsche Equities India Private Limited, HSBC Securities and Capital Markets (India) Private Limited and Kotak Mahindra Capital Company Limited are the Book Running Lead Manager (“BRLM”) to the Offer. The Registrar to the Offer is Karvy Computershare Private Limited.

The Equity Shares of General Insurance Corporation of India is proposed to be listed on the National Stock Exchange of India and BSE Limited.ENDS

^{ASBA Forms can also be downloaded from the websites of BSE and NSE. ASBA Forms can be obtained from the list of banks that is available on the website of SEBI at www.sebi.gov.in. ASBA Form can be obtained from Syndicate, SCSBs, Registered Brokers, RTAs and CDPs, the list of which is available on the website of SEBI athttp://www.sebi.gov.in/sebiweb/home/5/33/0/0/Recognised-Intermediaries.}

MAS Financial Services Limited’s IPO to open on October 06, 2017 with Price Band of ₹456 to ₹459 per Equity Share each of Face Value of ₹ 10 each

On Dias L-R Mr. Ankit Jain, Vice President Finance, Mas Financial Services Ltd, Ms. Darshana Pandya, Director & COO, Mas Financial Services Ltd, Mr. Kamlesh Gandhi, Founder, Chairman & Managing Director,Mas Financial Services Ltd, Mr. Mukesh Gandhi, Co-Founder, Director & CFO, Mr. Girish Nadkarni, Managing Director, Mas Financial Services Ltd, Ms. Nisha Shah, Director, Mas Financial Services Ltd.- Photo By Sachin Murdeshwar / TGN. 

PROMOTERS OF OUR COMPANY: KAMLESH CHIMANLAL GANDHI, MUKESH CHIMANLAL GANDHI, SHWETA KAMLESH GANDHI AND PRARTHNA MARKETING PRIVATE LIMITED

MUMBAI, September 28, 2017 (TGN) : MAS Financial Services Limited’, (“Company”), a Gujarat-headquartered NBFC with more than two decades of business operations will be launching its initial public offering (“IPO” or the “Offer”) which is scheduled to open on October 06, 017 and close on October 10, 2017, with a price band of ₹456 to ₹459per Equity Share of face value of ₹ 10 each of the Company (the “Equity Shares”). The Anchor Investor Bid/Offer Period shall be October 05, 2017, being one working day prior to the Offer Opening Date.

The IPO comprises of a fresh issue aggregating up to ₹ 2,330 million (the “Fresh Issue”) and an offer for sale aggregating up to ₹ 2,270.42 million by the selling shareholders. The offer for sale comprises of an offer aggregating up to ₹ 1,126.63 million by DEG-Deutsche Investitions-und Entwicklungsgesellschaft MBH (“DEG”), an offer for sale aggregating up to ₹ 793.38 million by NederlandseFinancierings – MaatschappijvoorOntwikkelingslanden N.V. (“FMO”) and an offer for sale aggregating up to ₹ 350.41 million by Sarva Capital LLC (“Sarva Capital”, and together with DEG and FMO, the “Selling Shareholders”) (“Offer For Sale”). The offer includes a reservation aggregating up to ₹ 70 million for eligible employees (defined hereinafter) (the “Employee Reservation Portion”). The Offer less the employee reservation portion is referred to as the “Net Offer”.

The Company has, in consultation with the BRLM, undertaken a private placement of 3,990,422 Equity Shares for cash consideration aggregating to ₹ 1,350.00 million (“Pre-IPO Placement”). The size of the Fresh Issue as disclosed in the Draft Red Herring Prospectus, has been reduced accordingly. See “Capital Structure” on page 76 of the RHP for details of the Pre-IPO Placement.

The Company proposes to utilize the net proceeds of the Fresh Issue towards augmenting its capital base to meet future capital requirements.

The Offer is being made in terms of Rule 19(2)(b)(iii) of the SCRR, through the Book Building Process in accordance with Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the “SEBI ICDR Regulations”), wherein not more than 50% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”). The Company and the Selling Shareholders in consultation with the BRLM may allocate up to 60% of the QIB Portion to Anchor Investors at the Anchor Investor Allocation Price, on a discretionary basis, out of which at least one-third will be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion. Such number of Equity Shares representing 5% of the Net QIB Portion (other than Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only. The remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received from them at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs.

Further, not less than 15% of the Net Offer shall be available for allocation on a proportionate basis to Non Institutional Bidders and not less than 35% of the Net Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price such that, subject to availability of Equity Shares, each Retail Individual Bidder shall be Allotted not less than the minimum Bid Lot, and the remaining Equity Shares, if available, shall be allotted to all Retail Individual Bidders on a proportionate basis.

Further, up to up to ₹ 70 million will be offered for allocation and Allotment on a proportionate basis to the Eligible Employees Bidding in the Employee Reservation Portion, conditional upon valid Bids being received from them at or above the Offer Price.

All Bidders, other than Anchor Investors, shall participate in the Offer mandatorily through the Applications Supported by Blocked Amount (“ASBA”) process by providing the details of their respective bank accounts in which the corresponding Bid Amount will be blocked by the SCSBs. Anchor Investors are not permitted to participate in the Offer through the ASBA process.

Motilal Oswal Investment Advisors Limited is the Book Running Lead Manager (“BRLM”) to the Offer. For details, please see the cover page and page 67 of the RHP. The Registrar to the Offer is Link Intime India Private Limited. For details, please see the cover page and page 69 of the RHP.

The Equity Shares of MAS Financial Services Limited is proposed to be listed on the National Stock Exchange of India Limited and BSE Limited.ENDS.

Full copy of the RHP will be available on the website of the SEBI at www.sebi.gov.in, the websites of the BRLM at www.motilaloswal.com, and the Stock Exchanges at www.bseindia.com  & www.nseindia.com  , respectively.

Vista Equity Partners Companies pledge $1 Million USD to The Akshaya Patra Foundation to deliver millions of meals to Indian school children

L-R : Hardeep Gulati, CEO of PowerSchool, Robert F. Smith, Founder, Chairman and CEO of Vista Equity Partners and Shridhar Venkat, CEO of The Akshaya Patra Foundation - Photo By Sachin Murdeshwar / TGN

September 27th, 2017, Mumbai (TGN)  –Vista Equity Partners, the world’s leading private equity firm, focused exclusively on enterprise software, data, and technology solutions, together with several of its companies in India, partners with Akshaya Patra by pledging a contribution of USD 1 million over five years to aid in the Foundation’s mid-day meal plan. Robert F. Smith, Founder, Chairman and CEO of Vista Equity Partners, recently named by Forbes as one of the 100 Greatest Living Business Minds, announced the collaboration alongside Mr. Hardeep Gulati, CEO of PowerSchool, and Mr. Shridhar Venkat, CEO of The Akshaya Patra Foundation.

The pledge was announced during the opening of the new offices of the education-technology firm, PowerSchool.  PowerSchool provides software solutions to schools in over 70 countries, it will continue to hire talent, and expand its presence in Bengaluru, joining eight other Vista portfolio companies with operations in India. This philanthropic investment in Akshaya Patra Foundation’s mid-day meal program demonstrates Vista’s and the Vista companies’ commitment to creating access and opportunity for young people to reach their potential.

The initial investment will be used to purchase trucks to transport meals to schools in various areas of the country. With $200,000 USD granted each year, contributions will aid the delivery of meals to 80,000 students per day, and over 18 million meals per year.

“Our culture at Vista emphasizes the importance of positively impacting and engaging with the communities in which we live and work,” said Robert F. Smith, Founder, Chairman and CEO of Vista Equity Partners. “At Vista, we invest in the future. And Akshaya Patra’s work does that.  By ensuring that students across India have the nourishment they need to be able to learn, the foundation plays an integral role in the education of Indian youth, and we are honored to help them execute on their mission.”

“We are honored to partner with Vista and Vista companies—including PowerSchool—to continue to ensure that our children are well-nourished, and able to learn,” said Shridhar Venkat, CEO of the Akshaya Patra Foundation in India. “This commitment will immensely expand our ability to deliver meals to schools and students across India, and will help us in furthering the mission of serving 5 million children by 2020”

With Vista’s presence in India expanding, the Vista companies’ collaboration with Akshaya Patra Foundation represents Vista’s and its companies’ commitment to India and its people.

RankHigher Bags The Prestigious Big Bang Award 2017

Raunak Guha - Founder and CEO, RankHigher - TGN

Mumbai / Bangaluru, 26 September, 2017 (TGN) : The Advertising Club, Bangalore’s Prestigious BIG BANG AWARDS was held this year on Friday, September 15 at The Ritz Carlton Hotel,Bangalore.The Big Bang Awards 2017 is Presented by COLORS VIACOM 18 and Powered By The Times of India and Vijay Karnataka. RED FM is the Radio Partner.
RankHigher – one of the fastest growing Digital Marketing Agencies in the country has won Award for Best Use of Social Media in category ‘Patient Education Programs in Healthcare’For Branding Fortis Hospitals.

This award (Bronze) was given for RankHighers’ outstanding work on ‘Dr. Vivek Jawali on Organ Donation, Fortis Hospitals’ after having got selected as one of the finalists from several entries received from across the country.

While speaking about this award and its importance Raunak Guha  – Founder and CEO, RankHigher said “This award is a special to us on two counts – primarily it supports the cause for Organ Donation and secondly through this award win we can now reach out to more people and make them aware of the need for organ donation. In India, around 5 Lakh people die every year due to non-availability of organs. Each one of us can save up to 7 lives by pledging to donate our organs after our death”.

Raunak further adds “Awards are great way to showcase work recognition and we are glad the jury of Bangalore Ad Club found our work worthy of the same. The team worked on this is very happy with the win. We are grateful to the management of Fortis Healthcare for their trust in us and an opportunity given to work on such a sensitive issue in healthcare. We shall welcome more such challenging campaigns and continue doing the great work for our all clients in the future”.

Big Bang Awards are the prestigious annual awards given by The Ad Club of Bangalore to commemorate Excellence in Communication & Media. These awards were given for excellence in marketing across digital and integrated campaigns by both brands and agencies.ENDS

In brief about RankHigher :

RankHigher is a new age Digital Marketing Agency which was founded by Raunak Guha in early 2014 in Bangalore. Over the last 3 years, the company has worked with multiple brands across social media, video production, media buying, SEO and paid lead generation campaigns. They have worked with brands across Healthcare, FMCG, Real Estate, Education, Travel and Hospitality and various other sectors. In April 2014, RankHigher opened its second office in Gurgaon. In July, RankHigher opened its third office in Mumbai.

 

                  To know more about RankHigher visit www.rankhigher.in

For business enquires write to : shravan.yadav@rankhigher.in

For media co-ordination please call Pravin : 9820545985.

HO : RankHigher, 3rd floor, Sierra  Cartel, 9th Main HSR Layout Sector 7, Bangalore 560102. India.

           RankHigher, iKeva, Level – LG, Art Guild House, Phoenix Market City, LBS Marg, Kurla (West), BKC Annex, Mumbai 400070, India.

Godrej Agrovet Limited’s IPO to open on 4th October, 2017 with Price Band of Rs. 450/- to Rs. 460/- per Equity Share each of Face Value of Rs. 10/- each.

Mumbai, 26 September, 2017 (TGN) :Godrej Agrovet, a subsidiary of Godrej Industries, is coming up with its Initial Public Offer (IPO) amounting to Rs Rs 300 crore through issue of fresh equity shares.

The company’s IPO will open on October 4, 2017 and close on October 6, 2017. The price band decided by the company is in consultation with the book running lead managers at Rs 450 to Rs 460.Offer for Sale of up to 12,300,000 equity shares by V-Sciences Investments Pte Limited.The minimum Bid Lot is 32 Equity Shares thereafter.The Floor Price is 45 times of the Face Value and the Cap Price is 46 times of the Face Value.

The company, 63.67% owned by Godrej Industries, will issue fresh shares to raise another Rs 300 crore. V Sciences Pte Ltd., a subsidiary of Singapore government’s investment fund Temasek Holdings, will offload a third of its 19.99% holding.

Kotak Mahindra Capital Company, Axis Capital, Credit Suisse Securities (India) and Karvy Computershare are the book running lead managers for the proposed issue.

Godrej Agrovet operates in businesses like agri-inputs, animal feed, palm oil manufacturing, dairy and poultry. The proceeds from the IPO will be used to repay its working capital facilities of Rs 100 crore and to also repay commercial papers worth Rs 150 crore. The rest be used for general corporate purposes.

Godrej Agrovet a diversified, research and development focused agri-business company operates in businesses like agri-inputs, animal feed, palm oil manufacturing, dairy and poultry and processed foods . The proceeds from the IPO will be used to repay its working capital facilities of Rs 100 crore and to also repay commercial papers worth Rs 150 crore. The rest be used for general corporate purposes.

The Equity Shares of Godrej Agrovet Limited is proposed to be listed on the NSE of India and BSE limited.ENDS

Concept PR Bags Fulcrum Award 2017

Mumbai, 25 September, 2017 (TGN) : Marking yet another feather in its cap, Concept PR has bagged the prestigious Fulcrum Award2017 as its executive director B N Kumar has been felicitated as PR consultant of the year for the agency’s social communication campaign.

Fulcrum organizers said: With over four decades of experience as a media professional, BN Kumar, Executive Director Concept PR, has pioneered social communication as an effective tool to talk about issues of social concern from conserving water to self defense for women and from educating the girl child to environment protection.

Fulcrum Awards jury members Nandini Chatterjee – Executive Director and chief Communication officer PwC India – and Mukund Mudras – Founder Heckyl Technologies presented the award to Kumar.

“Coming as it does in a series of awards the agency has been conferred with, Fulcrum Award is a recognition of our teamwork and commitment to professionalism with novel ideas,” said AshishJalan, CEO and director of Concept PR. “We also thank Public Relations Council of India for giving us a platform to work on social communication,” he said.

“I owe it to Team Concept PR and tremendous media support to our unique social communication drives,” said B N Kumar. “Our experiments with communication for a cause have yielded us good results and global recognition,” he said.

It may be noted that the agency’s social communication campaign – Mission Mumbai Local – focusing on the woes of Mumbai suburban commuters has  the Gold under ‘PR Milestone of the Year’ category as part of the SVUS PR World Awards at San Francisco recently.

Among the several other awards Concept PR has won include Agency of the Year twice over, Agency of Excellence and a series of case study awards.

Concept PR is India’s largest consultancy with 11 of its own offices and capability to execute assignments in 100 cities pan-India, servicing clients across a  broad spectrum ranging from diversified large conglomerates, real estate and infrastructure, aviation, shipping, health and pharma, power, manufacturing, BIFS, agriculture, IT and ITES, sports, lifestyle, entertainment, startups, education apart from successfully managing crisis communication and IPO roadshows.ENDS

'SAMBUDDHA LIVE' FIRST EVER MEDITATION MUSICAL CONCERT BY 'PAWA' AN INDIAN ICON TO GO LIVE ON WORLD PEACE DAY IN BERLIN

PAWA - File Photo / TGN News Network

MUMBAI,  21 September,  2017 (TGN) : Pawa is invited by Indian Embassy of Germany in Berlin to perform his Musical Meditation Concert “Sambuddha Live” on “International World Peace Day” on 21st September 2017.

Pawa with his international musician team is performing his first ever Musical Meditation Concert of Lord Buddha’s philosophy

“Sambuddha Live” on occassion of International World Peace Day on 21st September 2017 at Indian Embassy of Germany in Berlin.

Pawa launched his spiritual music album on this concept few months back and he is getting overwhelming response from the audiance worldwide. Buddha’s thoughts can spread peace and happiness in the World and Pawa designed this unique Musical Meditation Concept as Global Peace Inititative.

“Wonderful songs we got to listen through CD composed and sung by Pawa was truly a musical treat and I would be very happy to host your performance here on the World Peace Day. Your songs would be very much in sync with the concept of the World Peace Day since they talk of Buddha’s philosophy of universal peace, goodwill, love and non-violence.” said Manjistha Mukherjee Bhatt -Director, The Tagore Centre, Embassy of India, Berlin Germany.

Sambuddha- Evoking Buddha’s Spirit through Global Music. The objective of this concert is to spread Buddha’s Philosophy worldwide and encourage people to walk on the Spiritual Path .

The concept takes people for a journey from Inner-Peace to World Peace.

The album fuses Music and Meditation together in a subtle manner.

Buddha’s thoughts are woven in the lyrics in an easy manner along with Buddhist chants in Pali language.

The show comprises of 5 soulful songs .

1.Sukh (Happiness)

2.Shraddha (Faith)

3.Pavitrata ( Purity)

4.Kaary (Action)

5.Sanskaar ( Enculturation)

The album paves a unique way of invoking the spirit of Buddha through music with aim to spread the message of global peace through music.ENDS

Eminent Editor & Columnist Mr. A. K. Bhattacharya inducted in the Jury Panel of the Annual Shriram Awards for Excellence in Financial Journalism

MUMBAI,  September 19, 2017 (TGN) : One of India’s most respected media personalities, Mr. A. K. Bhattacharya has been inducted on the Jury panel of the 6th Annual Shriram Awards for Excellence in Financial Journalism 2017. Mr. A.K. Bhattacharya was conferred upon with the Lifetime Achievement Award at the 5th Annual Shriram Awards for Excellence in Financial Journalism.

Mr. A. K. Bhattacharya will join the distinguished panel of independent Jury members comprising prominent personalities such as Mr. Swaminathan S. Aiyar(Consulting Editor, Economic Times),Mr. T. N. Ninan (Chairman, Business Standard) and Mr. R Jagannathan (Editorial Director, Swarajya Magazine); Mr. Gopal Srinivasan (Chairman & Managing Director – TVS Capital Ltd.); Mr. Srinivasan K. Swamy (Chairman & Managing Director, R. K. Swamy BBDO); Ms. Ashu Suyash (MD & CEO, CRISIL) and Mr. Adit Jain ( Chairman, IMA Asia).

Mr. A.K Bhattacharya commenced his editorial journey with the Express Group writing for The Indian Express. He has been with Business Standard for more than 20 years. Prior to that he has worked for The Economic Times, Financial Express and The Pioneer. With close to 4 decades of experience, Mr. A. K Bhattacharya has been a witness to the evolving financial landscape and trends in the Indian economy.

This is the sixth edition of the first-of-its-kind Shriram Awards for Excellence in Financial Journalism constituted by Shriram Group, India’s largest financial conglomerate with diversified financial services. Institute for Financial Management and Research (IFMR), Chennai is the Evaluation Partner and plays an important and independent role in the selection process by scrutinizing the nominations and making them available for the Jury Members for their consideration.

Mr. A. K . Bhattacharya said, “”I am delighted to be part of the Jury panel.  It is an honour to join a group that has so many illustrious names from the industry. Uppermost in my mind will be the responsibility to uphold the values of credible financial journalism that enhances understanding of the economy, businesses and markets.”ENDS

K Raheja Corp wins at the 2017 Sustainable Building Awards

Mumbai, 18^th September 2017 (TGN) : K Raheja Corp, one of India’s leading Real Estate conglomerates’ flagship commercial offering Mindspace (MMR), was honored at the very prestigious ‘2017 Sustainable Building Awards’ held in the United Kingdom. Known to be a preferred office address, the business park bagged awards in two categories, one for the ‘Most eco-conscious land acquisition specialist – India’, and the other for the ‘Best Commercial Complex Development.’ The BUILD Awards are a premiere credible international award, designed to recognize the high-level of dedication and skill that has been displayed by innovative firms and individuals of the global real estate industry. It is an offering from the stable of BUILD Magazine, which endeavours to bring readers the latest need-to-know content and updates from across the global construction and property industries.

The awards saw global players being recognized across various categories for their extensive work in the realty sector.

The review team set up by ‘Build’ studied the accomplishments of each nominee ensuring a fair judgment, with a stringent evaluation process across multiple parameters. Further to the success of last years’ awards, the 2017 Sustainable Building Awards celebrated the pioneers of the real estate sector who are now a key contributor to the wider construction industry.

Steve Simpson, Awards Coordinator, expressed his pride in the deserving winners, “This awards programme is full of firms and individuals who are driving innovation and excellence in the crucial construction market. I would just like to congratulate each and every one of the winners and wish them the best of fortunes for the future.”

The most eco-conscious land acquisition specialist is the one who judiciously makes use of land without impacting the vicinities of the property. Sustainable acquisition results in greener environs and provides for development with a higher Green quotient. Pioneering the industries’ responsibility towards contributing to a green society, K Raheja Corp signed a memorandum of understanding with the CII-Green Building Council to construct green buildings, back in 2007. Since then the Group is committed to eco-friendly constructions in both commercial and residential spaces resulting in developing large green expanses across the country.

Commenting on the occasion, Mr. Shabbir Kanchwala, Senior Vice President, K Raheja Corp, said “K Raheja Corp has always promoted eco-friendly and sustainable solutions while constructing some of the most iconic properties recognizable. We are delighted having bagged two awards at the 2017 Sustainable Building Awards. These new wins further reaffirm our commitment towards the sustainability cause. We are dedicated to deliver projects of the highest standards and are constantly setting benchmarks to improve and excel in our performance and quality in the industry. K Raheja Corp intends to provide its clients a holistic experience focused on an ecological living. Through our Green initiatives, we intend to benefit the society at large in the long run.”ENDS