India’s bankruptcy court has allowed the acquisition of Anudan Properties by Mumbai-based developer KGK Realty (India). The Committee of Creditors (CoC) approved KGK Realty’s resolution plan with 76.35%...
Virtuous Retail in talks to sell malls for about $500 million
Virtuous Retail South Asia is in talks with Nexus Malls and Lake Shore India Advisory to sell all its malls for $400-500 million (about Rs 3,500-4,000crore). The retail company, a joint venture between Singapore’s...
Holcim acquires British recycling company Sivyer Logistics
Holcim has acquired Sivyer Logistics, a British company which recycles construction and demolition waste in London. Sivyer currently handles roughly 1 million tons of materials per year, using recycling and recovery...
Embassy REIT Acquires Embassy Business Hub in Bengaluru for Rs 334.8 crore
Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, has agreed to acquire Embassy Business Hub, a 1.4 million square feet (‘msf’) office property in Bengaluru, for a total...
NCLT admits HDIL firm Privilege Power and Infrastructure under insolvency process
The bankruptcy court has admitted Privilege Power and Infrastructure, an affiliate of Housing Development and Infrastructure (HDIL), under the Corporate Insolvency Resolution Process (CIRP). The Mumbai bench of the...
Triton-controlled Crayfish takes 9.9% stake in Finnish constructor Caverion
Crayfish Bidco Oy, a company controlled by Triton, said on Thursday it has bought a 9.9% stake in Finnish construction company Caverion Oyj, following the Swedish venture capital group’s $1.17 billion takeover bid...
Bankruptcy court dismisses revival plan for Ujaas Energy
A bankruptcy court in Indore has rejected a revival plan for Ujaas Energy, adding the observation that the Committee of Creditors (CoC) cannot extinguish the rights of a secured creditor to proceed against the listed...
NCLT okays Adani Good Homes’ sole bid for Radius Estates
The National Company Law Tribunal (NCLT) has cleared Adani Good Homes’ sole bid for Radius Estates, which became controversial due to opposition from a section of creditors, according to people aware of the matter...
NCLT admits Marvel Realtors under insolvency on IDFC First Bank plea
The bankruptcy court has admitted Marvel Realtors & Developers Ltd under the corporate insolvency resolution process (CIRP) and appointed Manoj Kumar Mishra as the interim resolution professional for the Pune-based...
CapitaLand Investment, MIDC to sell Pune IT park for ₹1,350 cr
Singapore-headquartered CapitaLand Investment (CLI) and its joint venture partner Maharashtra Industrial Development Corp (MIDC) have signed pacts to sell their stake in Ascendas IT Park (Pune) to CapitaLand India Trust...
NCLAT sets aside CCI order on DLF, remanded back directing to examine
The NCLAT has set aside an order passed by fair trade regulator Competition Commission of India (CCI) with respect to DLF and directed it to examine the matter. The case pertains to CCI rejecting a complaint against DLF...
Edelweiss acquires L&T-CPPIB infrastructure project for Rs 6,000 cr
Infrastructure Yield Plus Strategy, the infrastructure platform managed by Edelweiss Alternatives, has acquired 100% equity stake in Larsen & Toubro Infrastructure Development Projects (L&T IDPL) for an...
