Further, Acuité Ratings & Research has assigned a credit rating of ‘ACUITE A-' (read as ACUITE A minus) with a ‘Stable' outlook to the proposed Non-Convertible Debentures aggregating to Rs 150 crore.
Awfis Space Solutions has announced a significant milestone of crossing 100 centres (including operational and under fit-out) across South India. The company's southern portfolio spans more than 3.1 million square feet of chargeable workspace area, with a total seat capacity exceeding 70,000 seats across Bengaluru, Hyderabad, Chennai, and Kochi.
Awfis currently serves over 3,400 clients in India, of which 64% are MNCs, 25% are SMEs and mid sized corporates, and the remainder are start-ups and entrepreneurs. The centres are strategically positioned across prime commercial hubs, IT parks, and business districts, with Bengaluru being the largest market, followed by Hyderabad and Chennai, reflecting sustained corporate demand for flexible workspace as an integral component of real estate strategy.
The company has recorded strong traction from Global Capability Centres (GCCs), hosting premium GCC clients, such as ABC Fitness, Meltwater, Zinnov, and many more across its Elite and Gold centres in Bengaluru and Hyderabad. Awfis' broader network works with over 80 unique GCC clients, who collectively contribute 21% of rental revenue, underscoring the segment's growing significance. Nationally, Awfis operates in over 250 centres across 18 cities, offering more than 175,000 seats.
The paid-up share capital of the Bank has accordingly increased from Rs. 6,214,786,370 (3,107,393,185 equity shares of Rs. 2/- each) to Rs. 6,215,441,746 (3,107,720,873 equity shares of Rs. 2/- each).
BEML has received a letter of intent for design, manufacture, supply, testing, and commissioning of Standard Gauge Metro Rolling Stock for African region. The order comprises of stainless-steel standard gauge metro rolling stock valuing of approximately USD 60 million. This is the first ever overseas order secured by BEML for supply of metro rolling stock.