Cube Highways Trust on Thursday said it has completed the acquisition of two highway assets in Jammu and Kashmir from the National Infrastructure Investment Fund at an enterprise value of Rs 4,185 crore. The Trust is...
CCI clears Blackstone’s 40% stake acquisition in Kolte-Patil Developers
The Competition Commission of India (CCI) has approved BREP Asia III India Holding Co VII’s proposal to acquire a 40 per cent stake in Kolte-Patil Developers Limited. According to a press release, “The acquirer is...
JK Cement Acquires 60 Per Cent Stake in Saifco Cements for Rs 1.5 Bn
JK Cement , JK Cement Saifco Acquisition: JK Cement has completed the acquisition of a majority 60 per cent stake in Jammu & Kashmir-based Saifco Cements for Rs 150 crore. Following this, Saifco Cements has become a...
Mumbai NCLT allows 90-day extension of insolvency resolution for Lavasa Corp
The Mumbai bench of National Company Law Tribunal (NCLT) has allowed a 90-day extension in the ongoing consolidated corporate insolvency resolution process (CIRP) of Lavasa Corp beginning May 29. The planned city...
Honeywell Acquires Pump, Compressor Maker Sundyne for $2.2B
Honeywell has purchased one of the energy industry’s largest pump and compressor manufacturers, Sundyne, for $2.16 billion from private equity firm Warburg Pincus, Honeywell said on June 9. The move follows Honeywell’s...
Fasteners Maker MNP Acquired by Italy’s Fontana Gruppo
Italy-based fasteners manufacturer Fontana Gruppo acquired Utica, MI-based MNP Corporation. Terms of the transaction were not disclosed. Founded in 1970, MNP Corporation is a manufacturer specializing in high-volume...
Ceigall India board approves C&C Construction merger to boost infra play
Ceigall India on Monday said its board has approved the merger of wholly-owned subsidiary Ceigall Infra Projects with publicly listed C&C Construction to enhance business efficiency. Ceigall India, an infrastructure...
Oberoi Realty sells 21.74% in JV I-Ven Realty to Alpha Wave for Rs 1,250 cr
Realty developer Oberoi Realty has sold 21.74% stake in its joint venture company I-Ven Realty to global investment firm Alpha Wave Ventures II for Rs 1,250 crore, making it one of the largest private equity investments...
LondonMetric buys property investment group Urban Logistics for $925 million
British property company LondonMetric is to buy Urban Logistics in a 698.9 million pound ($924.99 million) cash and stock deal, creating one of the country’s largest property investment groups by market...
Supreme Infrastructure India’s settlement plan for creditors gets NCLT nod
The National Company Law Tribunal (NCLT) has approved the settlement plan for the financial liabilities of listed construction firm Supreme Infrastructure India, paving the way for the resolution of debt worth ₹2,200...
Vedanta Group submits expression of interest to acquire Jaiprakash Associates through insolvency
Business conglomerate Vedanta Group has shown interest in acquiring Jaiprakash Associates Ltd (JAL) through an insolvency process, according to sources. Jaypee Group’s flagship firm JAL, which is into cement...
DLF buys 49.99 pc stake in DLF Urban from GIC arm for Rs 497 crore
Realty major DLF has acquired a nearly 50 per cent stake in its arm DLF Urban Private Limited for Rs 497 crore from Singapore’s Reco Greens. With this deal, DLF will have a 100 per cent stake in DLF Urban, which...
