Company Profile

PVP Ventures (PVP) has executed a Joint Development Agreement (JDA) with Brigade Enterprises for a residential project in the heart of Chennai. With this, PVP has fast-tracked the monetization of its prized land asset in the Chennai region. This development is expected to be amongst the largest residential projects in central Chennai. The project will encompass over 2.5 million square feet of residential inventory reflecting Brigade’s design excellence and construction standards.

As per the terms of the JDA, PVP Ventures will not incur any costs towards the development and is contracted to receive a 40 percent share of the revenue emanating from the entire sales of the project. The company expects its share of cash flows from this project to be in excess of Rs 1000 crore over a 5-year time frame.

PVP Ventures is currently engaged in different business activities. The company is engaged in the business of planning and evaluating all steps, processes and techniques for setting up, managing, operating, and transferring various types of infrastructure projects.

PVP Ventures is locked its upper circuit limit at Rs. 25.01, up by 1.19 points or 5.00% from its previous closing of Rs. 23.82 on the BSE.

The scrip opened at Rs. 25.01 and has touched a high and low of Rs. 25.01 and Rs. 25.01 respectively. So far 72064 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 26.00 on 21-Feb-2024 and a 52 week low of Rs. 5.93 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 26.00 and Rs. 21.11 respectively. The current market cap of the company is Rs. 651.27 crore.

The promoters holding in the company stood at 61.40%, while Institutions and Non-Institutions held 1.11% and 37.49% respectively.

PVP Ventures (PVP) has executed a Joint Development Agreement (JDA) with Brigade Enterprises for a residential project in the heart of Chennai. With this, PVP has fast-tracked the monetization of its prized land asset in the Chennai region. This development is expected to be amongst the largest residential projects in central Chennai. The project will encompass over 2.5 million square feet of residential inventory reflecting Brigade’s design excellence and construction standards.

As per the terms of the JDA, PVP Ventures will not incur any costs towards the development and is contracted to receive a 40 percent share of the revenue emanating from the entire sales of the project. The company expects its share of cash flows from this project to be in excess of Rs 1000 crore over a 5-year time frame.

PVP Ventures is currently engaged in different business activities. The company is engaged in the business of planning and evaluating all steps, processes and techniques for setting up, managing, operating, and transferring various types of infrastructure projects.

UltraTech Cement has commissioned a 1.8 mtpa brownfield cement capacity at Kotputli, Rajasthan. This additional capacity will help UltraTech to service the markets in Rajasthan and NCR. With this commissioning, the company’s total grey cement manufacturing capacity in Rajasthan, alongwith its wholly owned subsidiary will be 18.9 mtpa and its total grey cement manufacturing capacity in India will stand augmented to 137.39 mtpa.

LTIMindtree has signed a Memorandum of Understanding (MoU) with Eurolife FFH, a leading insurance company in Athens, Greece powered by Fairfax Digital Services, to establish first-of-its-kind Gen AI and Digital Hub in Athens and dedicated facilities in Poland, Europe and Mumbai, India. As a part of this association, Eurolife FFH will set up Generative AI and Digital Hub in Athens to develop innovative solutions for insurance businesses in Greece and LTIMindtree will provide deep domain expertise and support from its dedicated facilities in Poland and Mumbai.

L&T Finance Holdings has raised Rs 221 crore through allotment of 22,100 Listed, Secured, Rated, Redeemable, Non-Convertible Debentures (NCDs) having face value of Rs 1,00,000 on private placement basis. 

63 Moons Technologies has entered into the critical realm of cybersecurity. Given the unprecedented scale and viciousness of cyberattacks, cybersecurity is paramount for all individuals, corporate entities, and countries. In this regard, the company has introduced pathbreaking products and services, enabled through its three verticals - CYBX (for every mobile phone), 63 SATS (for every enterprise server) and CYBERDOME (for every city, every state, and the country). They are powered by a Centralised Security Operations Nerve Centre (SOC) & supported by a decentralised franchise network.

Bharti Airtel has launched four new, next-gen Company owned stores in the city of Bhubaneshwar. The new stores that have come up in Jharpada, Siripur, District Centre and Acharya Vihar will strengthen Airtel’s retail presence and will offer unparalleled service experience to customers. The stores will also showcase Airtel’s cutting-edge technologies across its portfolio.