Kesar India Limited
Minerva Ventures Fund increased its stake in Kesar India Limited from 3.51% to 6.99%, buying 11.78 lakh shares for ₹149.02 Cr at ₹1265.00 apiece through an open market purchase.
A real estate developer engaged in constructing residential and commercial projects across India. Kesar India specializes in developing residential complexes, commercial buildings, industrial structures, factory facilities, and workshop buildings, with all projects marketed under the Kesar Lands brand name. The company operates as a vertically integrated real estate firm with a focus on quality construction, timely project delivery, and meeting diverse customer requirements across multiple property segments and geographic locations throughout the country.
A Mauritius-based foreign portfolio investor and an active anchor investor in Indian SME public issues, where it has backed a steady run of listings. It also builds positions in listed small caps. The fund reports through more than one vehicle, including an Indus QRAC strategy, and both sit under the same administrator.