Brookfield India Real Estate Trust is set to acquire nearly 50% stake in Bharti Enterprises’ real estate joint venture with Brookfield Asset Management. The deal is estimated to value the portfolio spread over 3.3...
Blackstone in talks to acquire Adani Realty’s BKC office tower for Rs 2,000 cr
Blackstone Group is in advanced talks to buy Adani Realty’s commercial real estate project Inspire BKC, situated on the edge of Mumbai’s bustling business district Bandra-Kurla Complex (BKC), persons with direct...
Indiabulls Real Estate acquires Sky Forest Projects for Rs 647 crore
Indiabulls Real Estate on Tuesday said it has acquired 100 per cent stake in Sky Forest Projects Pvt Ltd from Blackstone at an enterprise value of Rs 647 crore. In a regulatory filing, the company said its subsidiary...
NCLT OKs Macrotech Developers’ acquisition of Centaur Hotel owner’s V Hotels
A bankruptcy court approved Macrotech Developers’ acquisition of Mumbai-based V Hotels Ltd, owner of Tulip Star, earlier known as the iconic Centaur Hotel. Lodha Group-owned Macrotech Developers is paying around Rs 890...
NCLT admits insolvency plea against two Essel Group companies on Indiabulls Housing plea
The bankruptcy court on Thursday admitted two Essel Group entities Primcomm Media Distribution Ventures Ltd and Essel Homes Pvt Ltd under the Corporate Insolvency Resolution Process (CIRP) after Gnex Realtech Pvt Ltd...
Edelweiss Alternatives acquires IT park in Bengaluru for over Rs 1,500 cr
Edelweiss Alternatives, the alternative asset arm of the Edelweiss Group, has acquired MFAR Developers’ 1.1-million-sq-ft information technology park in Bengaluru for over Rs 1,500 crore. This is the largest and first...
hBits forays into Pune property market, acquires asset in CyberCity Magarpatta
Fractional ownership platform hBits is looking to raise over Rs 55 crores for a pre-leased commercial asset it has acquired in Pune marking its foray in the second largest city in Maharashtra. The property is leased to...
Embassy REIT to acquire Splendid TechZone asset in Chennai
Embassy Office Parks REIT has agreed to purchase Embassy Splendid TechZone, a Grade-A business park, from Embassy Sponsor, for an Enterprise Value of Rs 1,269 crore. The proposed acquisition marks Embassy REIT’s entry...
NCLT approves merger between Hinduja Group’s healthcare, real estate companies
The National Company Law Tribunal (NCLT) has approved the scheme of merger by absorption between Hinduja Group’s unlisted entities Hinduja Realty Ventures Ltd and Hinduja Healthcare Ltd. The order, delivered on...
NCLAT rejects homebuyers’ plea for insolvency against Ansal Hi-tech Township
The National Company Law Appellate Tribunal (NCLAT) on Monday set aside a plea seeking insolvency proceedings against Ansal Hi-tech Township Ltd filed by its homebuyers of a project in Greater Noida. The appellate...
Magicrete completes process of acquisition of majority stake in Maxlite
Magicrete, which produces building product AAC Blocks, construction chemicals, and precast construction solutions, on Wednesday said it has completed the acquisition of a majority stake in Maxlite. The company did not...
NCLT rejects promoter’s resolution plan in Wadhwa Buildcon insolvency matter
The National Company Law Tribunal (NCLT) has declared the resolution plan submitted by the promoters of Wadhwa Buildcon LLP as invalid citing the conduct of the Resolution Professional (RP) as a key factor given that...
