Jaypee Infratech’s lenders have asked state-owned NBCC Ltd and Suraksha group to improve their bid and offer more land parcels under an insolvency process to acquire debt-laden realty firm. Earlier this month...
Jaypee Infratech insolvency: Lenders ask NBCC, Suraksha group to improve bid, seek more land parcels
Jaypee Infratech’s lenders have asked state-owned NBCC Ltd and Suraksha group to improve their bid and offer more land parcels under an insolvency process to acquire debt-laden realty firm. Earlier this month...
NBCC, Suraksha group submit revised bids to acquire Jaypee Infratech through insolvency
State-owned NBCC and Mumbai-based Suraksha group have submitted their revised bids to acquire debt-laden Jaypee Infratech through an insolvency process, as per the direction of the Supreme Court. Last month, the Supreme...
IL&FS sells its environment business, reduces Rs 1200 crore debt
Beleaguered infrastructure financier IL&FS has sold its stake in environment business – IL&FS Environmental Infrastructure & Services Limited and its subsidiaries – to EverEnviro Resource...
NCLT admits insolvency application by Wave group after Noida authority cancels allotment
Wave Mega City Center (WMCC) Private Limited, a special purpose vehicle of real estate developer Wave group, has moved the National Company Law Tribunal (NCLT) to initiate insolvency proceedings against itself in a rare...
Varde Partners invests Rs 1,150 crore in Phoenix Group’s two office projects
Global alternative investment advisor Varde Partners has invested over Rs 1,150 crore in Hyderabad-based Phoenix Group’s two under-construction information technology special economic zone (IT-SEZ) projects in...
BEML disinvestment gets multiple expressions of interest, says DIPAM
Government has received multiple bids from parties interested in buying it’s stake in Bharat Earth Movers Ltd (BEML), the department of investment and public asset management said Monday. “Multiple...
Godrej Properties raises ₹3,750 crore via QIP issue
Realty firm Godrej Properties on Tuesday said it has raised ₹3,750 crore through sale of shares to institutional investors to expand the business and support future growth. Last week, the company had launched its...
Blackstone concludes $1.5-billion realty deal with Prestige
The Blackstone Group has concluded its $1.5 billion acquisition of realty developer Prestige Group’s commercial portfolio, including offices, retail malls and hotel assets, said three people with direct knowledge of the...
DLF’s rental arm completes acquisition of Gurgaon’s One Horizon Centre
DLF Cyber City Developers Limited (DCCDL), the rental arm of DLF Group has completed the acquisition of 51.8% stake of Fairleaf Real Estate Private Limited that operates One Horizon Centre in Gurgaon. “We would now like...
Deal to sell Peru’s Aenza may collapse as settlement talks drag: sources
Delays in signing an agreement settling corruption accusations against Peruvian construction conglomerate Aenza are threatening a deal to sell control of the group, three people with knowledge of the matter told Reuters...
Blackstone set to acquire Warburg-Embassy JV Embassy Industrial Parks
Private equity major Blackstone Group is set to acquire Embassy Industrial Parks at an enterprise valuation of $700 million or Rs 5,250 crore from Warburg Pincus and Embassy Group in the largest ever logistics and...
