Industrial and warehousing parks developer Indospace has emerged as the frontrunner to acquire Bengaluru-based Embassy Industrial Parks at an enterprise value of Rs 1,800 crore. Indospace, backed by PE fund Everstone...
Blackstone set to acquire Rs 12,745 crore of Prestige assets
US private equity giant Blackstone Group is set to acquire property developer Prestige Group’s rental income assets for more than $1.7 billion (Rs 12,745 crore) in the largest real estate portfolio buyout in India, said...
Adani group shows interest to acquire debt-laden HDIL
Adani Properties, Suraksha Asset Reconstruction and Sunteck Realty are among six players which have shown initial interest to acquire HDIL through the insolvency resolution process, according to a regulatory filing...
Godrej group hikes stake in Sobha to 10% in Q1FY21 via market purchases
Godrej Group has increased its stake in Bengaluru-based property developer Sobha to 9.99 per cent in the June quarter of this financial year, from 1.08 per cent in the March quarter of 2019-20. Privately-held Godrej...
IRB infra raises Rs 150 crore via NCDs on private placement basis
IRB Infrastructure Developers on Wednesday said it has raised Rs 150 crore through allotment of NCDs on a private placement basis. “This is to inform you that the management administration and share transfer...
JM Financial PE invests Rs 40 cr in co-living operator Isthara
JM Financial Private Equity said on Wednesday it completed a transaction to invest Rs 40 crore in Coimbatore based co-living operator, Isthara Parks. The funds are committed from JM Financial India Fund II, a sector...
Supreme Court clears JP Morgan funds for Amrapali projects
The Supreme Court on Thursday said the JP Morgan India funds that the Enforcement Directorate had attached be transferred to an escrow account, setting the stage for the utilisation of the money to complete the stuck...
KKR-led consortium buys 6% stake in Vietnam’s Vinhomes for $650 million
A consortium led by KKR has invested $650 million in Vietnam property firm Vinhomes VHM.HM, Vinhomes’ parent Vingroup VIC.HM said on Tuesday. The consortium, which includes Singapore state investor Temasek Holdings, has...
Developer China Vanke plans $1 billion share sale to repay overseas debt
China Vanke Co Ltd said on Thursday it planned to sell HK$7.89 billion ($1.02 billion) worth of H-shares to raise capital to repay overseas debt financing and for development of domestic residential properties. The...
ED attaches JP Morgan assets worth Rs 187 crore, MNC in Supreme Court denies wrong doing in Amrapali case
The Enforcement Directorate on Wednesday informed the Supreme Court that it has attached the assets worth Rs 187 crore of multi-national firm JP Morgan alleged to have been involved in syphoning of Amrapali Group home...
Bombay High Court declares promoters of Orbit Corp Insolvent
The Bombay High Court on Tuesday allowed the petitions filed by Ravikiran Aggarwal and his son Pujit Aggarwal, the promoters of realty firm Orbit Corporation by pronouncing them insolvent. The promoters of the Mumbai...
NCLAT gives conditional go-ahead to NBCC for Jaypee Infratech
The National Company Law Appellate Tribunal (NCLAT) on Wednesday asked state-owned-NBCC to implement its proposal to acquire debt ridden Jaypee Infratech and complete over 20,000 pending flats, but said the direction is...
