CapitaLand India Trust (CLINT) has entered into a forward purchase agreement with Casa Grande Group to acquire three industrial facilities with a total net leasable area of 0.79 million sq ft at OneHub Chennai, India...
Construction
NCLT clears J Kumar infra’s bid to buy Pranav Construction
The bankruptcy court has approved listed infrastructure firm J Kumar Infraprojects’ bid to acquire Pranav Construction Systems Pvt Ltd. As part of the insolvency process, J Kumar Infraprojects has proposed to pay...
Japan’s Sekisui House to buy US homebuilder MDC for $4.95 bln
Japanese homebuilder Sekisui House said it has struck a deal to buy Denver-based builder MDC Holdings <MDC.N> for about $4.95 billion in cash, to become the fifth-biggest homebuilder in the United States. Sekisui...
KKR’s road InvIT to acquire 12 assets from PNC infratech
Highway Infrastructure Trust, an infrastructure investment trust (InvIT) backed by private equity firm KKR, has agreed to acquire a dozen road projects from PNC Infratech Ltd and PNC Infra Holdings Ltd for a total...
KKR’s road InvIT to acquire 12 assets from PNC infratech
Highway Infrastructure Trust, an infrastructure investment trust (InvIT) backed by private equity firm KKR, has agreed to acquire a dozen road projects from PNC Infratech Ltd and PNC Infra Holdings Ltd for a total...
CCI clears Alpha Alternatives Group stake purchase in Dilip Buildcon
Fair trade regulator Competition Commission of India (CCI) has granted approval to Alpha Alternatives Group for the acquisition of a 10 per cent stake in Dilip Buildcon, according to a notice. The CCI cleared the deal...
NCLT admits insolvency plea against Ansal Props’ promoter
National Company Law Tribunal (NCLT) has admitted a personal insolvency application filed by Indian Bank against realtor Pranav Ansal, the promoter of Ansal Properties and Infrastructure, as per the contents of a court...
BHIVE Group acquires product engineering firm Praemenio
BHIVE Workspace has strengthen its technology platform with its first acquire of a product-engineering firm Praemenio to support its fast-growing coworking and fintech businesses. The transaction comprises a composite...
NCLT admits IIFL Finance’s claim against Satra Properties as financial debt
The National Company Law Tribunal (NCLT) has accepted an application of IIFL Finance to admit its claim against Satra Properties under the category of financial debt in an ongoing case between the property developer and...
Actis, Mahindra Lifespace to make partial exit worth Rs 120 cr from Mahindra Homes
Global investment major Actis and Mahindra Group’s real estate and infrastructure development arm Mahindra Lifespace Developers are together making a partial exit worth over Rs 120 crore from the latter’s subsidiary...
Top Abu Dhabi developer buys London Square for $291 mln
Abu Dhabi’s Aldar Properties has bought London-based developer London Square for an enterprise value of 1.07 billion dirhams ($291.4 million) in its first acquisition outside the Middle East. “Aldar intends...
NCLT dismisses insolvency resolution plea against Indamer Mjets Airport Service
The bankruptcy court in Mumbai has rejected an application filed against Indamer Mjets Airport Service Pvt Ltd to admit the company under the Corporate Insolvency Resolution Process (CIRP). New Delhi-based Dezire Group...
