• SENSEX 73,190.72
    -416.03 (--0.57%)
  • BANKNIFTY 54,366.70
    79.35 (+0.15%)
Back

Corporate News

Brigade Hotel Ventures utilized Rs 18.28 crore for project construction and debt repayment
26-Oct-2026, 06:05

Brigade Hotel Ventures Limited reported no deviation or variation in the utilization of funds raised through its Pre-IPO Placement of Rs 126 crore and Initial Public Offer of Rs 759.60 crore for the quarter ended September 30, 2026, according to a regulatory filing. During the quarter, the company utilized Rs 18.28 crore towards construction expenses for upcoming projects, which falls within the definition of general corporate purposes, while Rs 468.14 crore was utilized for repayment of outstanding borrowings, and Rs 107.52 crore was used for the purchase of undivided share of land from a promoter.