Modis Navnirman Limited
Necta Bloom, last seen with a 2.04 percent stake in Modis Navnirman Limited, has dropped off the company's disclosed shareholder list, indicating either a complete exit or a reduction in holding below the 1 percent reporting threshold.
A real estate development company incorporated in 2010, Modi's Navnirman operates across residential and commercial property projects throughout India. The company specializes in constructing housing complexes and commercial spaces designed to serve diverse market segments and customer needs. Its core operations encompass project planning, architectural design, land acquisition, and on-site execution within the Indian real estate development sector.
Necta Bloom is a foreign portfolio investor that participates as an anchor investor in Indian SME IPOs through its Necta Bloom VCC vehicles, including the Necta Bloom One and Regal funds. It has backed offerings in finance, healthcare, jewellery, and infrastructure.