Chandigarh bench of the National Company Law Tribunal (NCLT) has admitted a petition against Omaxe NSE 0.06 % ltd, filed by group chairman Rohtas Goel’s younger brother and former joint managing director Sunil Goel. The...
Jain Housing raises Rs 175 crore from Nippon Life and Apollo Global
Noted realtor Jain Housing has raised funds of Rs 175 crore from Nippon Life Asset Management Ltd and Apollo Global Management for about Rs 175 crore in two tranches, a top official said. The funds would be utilised to...
DLF to raise up to ₹500 cr for One Horizon stake
Real estate firm DLF Ltd’s rental arm DLF Cyber City Developers Ltd (DCCDL) will raise ₹400-500 crore of debt and another ₹200-300 crore from internal accruals to buy a majority stake in One Horizon Center in Gurugram...
DLF’s rental arm enters into an agreement to acquire Hines stake in One Horizon Centre for Rs 780 crore
DLF Cyber City Developers Limited (DCCDL), the rental arm of DLF Ltd has entered into an agreement to acquire Hines stake in One Horizon Centre for Rs 780 crore. One Horizon Centre is an asset forming part of a larger...
Builder Skanska sells $669 million majority stake in U.S project
Swedish builder Skanska is selling a 95% stake in office property 2+U in Seattle, Washington, to South Korea’s Hana Alternative Asset Management and Hana Financial Group for about $669 million. Skanska, the Nordic...
Mitsui Fudosan to pay $1.2 billion in white-knight bid for Tokyo Dome
Japanese property developer Mitsui Fudosan Co said on Friday it would pay $1.2 billion to buy ballpark operator Tokyo Dome Corp, a white-knight bid likely to help fend off prominent activist fund Oasis Management. Tokyo...
NCLT approves Rs 103 cr resolution plan for NIIL Infrastructures
The National Company Law Tribunal (NCLT) has approved a Rs 103-crore bid to acquire debt-ridden NIIL Infrastructures, which is developing a housing project in Agra, Uttar Pradesh. A two-member Principal bench of NCLT...
Australia’s Boral sells JV stake, eyes U.S. exits as virus prompts retreat
Top Australian building materials maker Boral Ltd said it was selling out of its plasterboard business and considering exiting the United States, a retreat from a global expansion strategy as the novel coronavirus...
Spain’s ACS in talks to sell Cobra construction unit to Vinci: newspaper
Spanish construction conglomerate ACS is in talks to sell industrial construction business Cobra to French rival Vinci, financial newspaper Cinco Dias reported on Friday, citing unidentified sources. The talks are...
IL&FS eyes Rs 1,500 crore from sale of headquarters in Mumbai
Crisis-hit IL&FS will invite initial bids for selling its corporate headquarters in Mumbai’s Bandra-Kurla Complex (BKC) later this month, about two years after the debt-laden infrastructure lender went bust, two...
Builders FirstSource to buy rival BMC in bet on U.S. housing market recovery
U.S. residential building materials maker Builders FirstSource Inc on Thursday agreed to buy BMC Stock Holdings Inc in an all-stock deal that values the smaller rival at about $2.5 billion. Shares of BMC closed 22.4%...
Singapore govt invests ₹450 crore in Phoenix Mills share sale
The government of Singapore has invested ₹450 crore in the recent qualified institutional placement (QIP) offering of mall developer Phoenix Mills Ltd, the company said in a filing to the stock exchanges. Mint had...
