Marathon Nextgen Realty Limited has informed the Exchange regarding a press release dated July 04, 2025, titled "Press Release - Marathon Nextgen Realty Limited successfully raises ₹900 Crores through Qualified Institutions Placement".
MARATHON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Marathon Nextgen Realty has raised ₹900 crore (about US$105 million) by issuing 1.62 crore equity shares to institutional investors at ₹555.13 per share through a Qualified Institutions Placement that closed on June 30, 2025. The QIP attracted strong demand from top-tier domestic investors like Quant Mutual Fund, Kotak Alternate Asset Managers, and Samco Mutual Fund, as well as global names including Morgan Stanley Asia, Citigroup Global Markets, and Nomura Singapore. The company plans to use 38% of the proceeds (₹340 crore) for debt reduction, 33% (₹300 crore) for land acquisition, 18% (₹160 crore) to fund ongoing projects, and 11% (₹100 crore) for general corporate purposes. Post-issue, FII holding in the company rose to 9.9% and DII holding increased to 16.66%, while the net debt-to-equity ratio is expected to fall from the current 0.46.
Positive for the stock — the QIP strengthens the balance sheet by reducing leverage and provides significant growth capital for expansion in the Mumbai Metropolitan Region, with strong institutional validation. However, existing shareholders will face equity dilution from the new share issuance.