Realty developer True Habitat has raised Rs 30 crore from CSL Finance to acquire over 4.16 acres of prime land in Gurgaon’s Sector 79. The company plans to develop a group housing project under the Haryana government’s...
China Evergrande to shed stake in Tencent-backed venture for $273 million
Cash-strapped property giant China Evergrande Group said it will sell its entire stake in a company that provides online video-streaming and Internet home services for the equivalent of $273 million, closing a chapter...
Real estate developer TARC in talks with global funds to sell non core assets
Real estate developer TARC ltd has reported 330.9% YoY and 490.2% QoQ growth in income from operations in Q2 FY 22 and the management is in talks with other global funds for sale of a few non-core assets. The company...
Max group to exit packaging films business, to focus on real estate
Max Ventures & Industries Limited (MaxVIL), a Max Group company that manages real estate businesses in NCR as well as a Specialty Packaging Films company, has decided to exit the packaging films business in order to...
Migsun acquires HDFC’s stake in Greater Noida’s SEZ project
Realty developer Migsun Group has cleared the stakes of HDFC from its SEZ project in Greater Noida in close to Rs 50 crore. Last year, the group had acquired Ansal’s stake in Ansal IT City Park (SEZ) Tech Zone...
Brookfield, Godrej Fund in race to acquire IL&FS’ headquarters in Mumbai’s BKC
Brookfield Asset Management and Godrej Fund Management, the realty-focused private equity arm of the Godrej Group, are in a close race to acquire the headquarters of IL&FS, an iconic property in Mumbai’s financial...
Key Evergrande deal to sell stake in unit put on hold – sources
China Evergrande Group’s deal to sell a 51% stake in its property services unit has been put on hold, two people with knowledge of the matter said, in a blow to the embattled developer’s hopes of avoiding a potentially...
Evergrande CEO in Hong Kong for restructuring, asset sale talks, sources say
Evergrande Group’s chief executive is holding talks in Hong Kong with investment banks and creditors over a possible restructuring and asset sales, two people said, as the Chinese developer battles against default...
Alliance Group raises Rs 165 crore from Kotak Realty Fund
Chennai-based real estate firm Alliance Group has raised around Rs 165 crore from Kotak Realty Fund against an ongoing residential project in Chennai. The structured debt deal is against an affordable housing project...
Evergrande to raise $1.5 billion by selling bank stake to state-owned firm
A Chinese state-owned enterprise struck a deal to buy most of China Evergrande Group’s stake in a commercial bank for $1.5 billion, the latest sign that the country’s authorities are trying to help the property giant...
NCLT to hear plea on Suraksha’s bid for Jaypee Infratech on Tuesday
The National Company Law Tribunal (NCLT) will on Tuesday hear the plea for approval of the Suraksha group’s bid to acquire debt-ridden realty firm Jaypee Infratech. The matter is listed before the Delhi-based...
Evergrande’s second-biggest shareholder plans to sell entire stake
Chinese Estates Holdings, the second-biggest shareholder of embattled developer China Evergrande, said on Thursday it has sold $32 million worth of its Evergrande stake and plans to exit the holding completely...
