The National Company Law Tribunal (NCLT) has directed the registration of transfer of 59,30,304 equity shares, constituting only 4.26% of the issued share capital of Entertainment City Limited, purportedly transferred...
Construction
Bhutani Group gets NCLT approval to take over Noida’s Entertainment City
The National Company Law Tribunal (NCLT) has paved the way for the NCR-based Bhutani Group to take over Entertainment City, which operates The Great India Place, Gardens Galleria Mall, Worlds of Wonder amusement park...
Property management platform Crib acquires rent financing company CirclePe
Crib, an AI-powered property management platform for co-living spaces, hostels, and PGs has acquired CirclePe, a rent financing company that lets tenants rent without a security deposit and pays operators their rent in...
Himalia Prime Assets acquires eco-resort near Bengaluru
Himalia Prime Assets, an asset development and management platform, has acquired Our Native Village– a sustainability-driven eco-resort on the outskirts of Bengaluru for Rs 25 crore. Spread across 4.65 acres, Our Native...
Incuspaze eyes Rs 100 cr from iKeva buy
Managed workspace provider Incuspaze is likely to get nearly Rs 100 crore annual revenue boost with its latest acquisition of iKeva. iKeva has a portfolio of 18 workspace centres covering 500,000 sq ft across Hyderabad...
ATS Nobility Estates exits insolvency
The National Company Law Tribunal has allowed the withdrawal of corporate insolvency resolution proceedings against ATS Group’s Nobility Estates Private Limited, the developer of the premium residential project Le...
Anant Raj to evaluate demerger of data center business, appoints Anish Sarin as director
Anant Raj Ltd has constituted a committee to evaluate potential demerger for the data center business and has appointed Anish Sarin, Grandson of Ashok Sarin as Director. The company reported significant growth in...
Nexus Trust may buy Galaxy’s Guwahati project for ₹1,300 crore
Blackstone-backed Nexus Select Trust is in the final stages of acquiring Galaxy Group’s mixed-use asset in Guwahati for around ₹1,300 crore, demonstrating evident institutional appetite for consumption-themed...
Inorbit malls to acquire Prozone Group malls in Chhatrapati Sambhaji Nagar, Coimbatore
Inorbit malls, a subsidiary of K Raheja Corp, has agreed to acquire two malls of the Prozone group in Chhatrapati Sambhaji Nagar (Aurangabad) and Coimbatore for around Rs 1,300 crore. The acquisition will add close to 1...
ReaRCo acquires KV Developers through the insolvency process
Real estate asset resolution company ReaRCo Private Limited has acquired KV Developers through the insolvency resolution process, giving hope to nearly 400 homebuyers in Greater Noida who had invested in the project in...
SC asks NCLT to expedite call on Supertech oversight panel
The Supreme Court on Monday asked the National Company Law Tribunal (NCLT) to decide expeditiously whether the court-appointed committee is necessary to oversee and ensure timely completion of all 30 Supertech projects...
Mindspace REIT acquires 51% stake in 2.6-million-sq-ft Chennai IT park for Rs 1,500 cr
Real estate investment trust Mindspace Business Parks REIT has acquired 51% stake in an information technology park spread over 2.6 million sq ft in Chennai for Rs 1,500 crore. The acquisition price includes the...
