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- Important
- Financial Update
- Fund Raise
- Board Meeting
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Marathon Nextgen Realty has announced a board meeting to consider the financial results for the quarter and half-year. The company successfully raised ₹900 Cr through a Qualified Institutions Placement, strengthening its balance sheet and lowering net debt-to-equity from 0.46. Proceeds will mainly reduce debt (₹340 Cr), acquire land (₹300 Cr), fund projects (₹160 Cr), and support corporate purposes (₹100 Cr). The capital raise attracted strong domestic and international institutional investor participation, boosting foreign and domestic institutional holdings to 9.9% and 16.66% respectively, positioning the company for expansion across the Mumbai Metropolitan Region.