Leading European infra player A&M Development Group has inked a joint venture with the Delhi-based engineering and construction player Oberoi Group to enter the country. The joint venture Oberoi-A&M Infra...
Japan’s Marubeni to foray into Indian real estate
Japanese institutional investor Marubeni Corporation has agreed to invest Rs 300 crore in realty developer Wadhwa Group’s nearly 1-million sq ft residential project ‘Atmosphere’ in Mulund suburb of Mumbai. This is...
Jaypee Infratech acquisition: NBCC moves NCLAT seeking relief on certain conditions
In the Jaypee Infratech insolvency case, state-owned NBCC on Friday moved the National Company Law Appellate Tribunal (NCLAT) seeking reliefs on certain conditions related to farmers’ compensation and payments to...
Coffee Day’s sale of tech park to Blackstone through
The Coffee Day Group has completed the sale of Global Village tech park in Bengaluru to US private equity giant Blackstone, bringing to an end a transaction it first mooted last year. Karnataka’s registration...
Blackstone, Salarpuria acquire Coffee Day’s Park for ₹2,500 cr
Private equity major Blackstone Group and Bengaluru-based Salarpuria Sattva have jointly acquired a 3.3 million square feet office park, Global Village Tech Park, in the city owned by Coffee Day Enterprises for ₹2,500...
Lodha Developers raises $200 million via bond issue to refinance existing debt
Lodha Developers International Ltd, a subsidiary of Mumbai-based real estate firm Macrotech Developers Ltd said it has raised $200 million ( ₹1475 crore) through issue of bonds to refinance its existing debt. “We...
NBCC gets NCLT nod to buy Jaypee Infratech
The National Company Law Tribunal (NCLT) on Tuesday approved a proposal of state-run NBCCNSE 0.00 % (India) to acquire bankrupt realty developer Jaypee Infratech. Resolution of Jaypee Infratech’s bankruptcy case will...
Unitech names Deloitte to map out resolution
The newly reconstituted board of debt-laden property developer Unitech has appointed Deloitte to prepare a resolution framework for the company. The Supreme Court had approved the nomination of seven directors to the...
Apollo Global in bid for U.S. construction company Tutor Perini – sources
Private equity firm Apollo Global Management Inc has approached Tutor Perini Corp, one of the largest U.S. general contractors, with a close to $1 billion acquisition offer, people familiar with the matter said on...
KEC International buys tower making units in Dubai to expand Middle East operations
With this acquisition, KEC now has manufacturing units for transmission towers, railway and solar structures, monopoles and hardware spread across India, UAE, Brazil and Mexico with a total manufacturing capacity of up...
Adani’s Rs 400 crore bid for posh Aditya Estates in Delhi gets NCLT approval
Business conglomerate Adani group has won a bid to acquire Aditya Estates Pvt Ltd, which holds a posh 3.4 acre residential property near Mandi House in the heart of the national capital, through an insolvency process...
Umang Realtech insolvency resolution process to be closed
The National Company Law Appellate Tribunal (NCLAT) has decided to close corporate insolvency resolution process (CIRP) against Delhi-based developer Umang Realtech, if the company manages to complete the work by August...
