Max Estates, the wholly owned subsidiary of Max Ventures and Industries, has formed a 51:49 joint venture with New York Life Insurance, the largest mutual life Insurance company in the United States, to develop a...
Goldman Sachs invests in realtor Vatika Group
US banking giant Goldman Sachs has invested Rs 610 crore in Gurgaon-based realty developer Vatika Group in a part equity part debt deal, according to Vatika Group’s managing director, Gaurav Bhalla. Of this, Rs...
Max Estates forms JV with New York Life for Noida realty project
Max Estates, the wholly-owned subsidiary of Max Ventures and Industries, has formed a 51:49 joint venture with New York Life Insurance, the largest mutual life Insurance company in the United States, to develop a...
Union Investment to buy property firm Logistrial after failed IPO
German fund manager Union Investment is buying Logistrial for 800 million euros ($872 million) after a failed stock market listing of the commercial property firm in autumn. Logistrial’s portfolio of 13 existing...
Brick&Bolt raises $1.5 mn from Sequoia Surge
PluckWalk Technologies Pvt Ltd, that runs Brick&Bolt, an e-commerce platform for the construction industry, has raised $1.5 million in a pre-Series A funding round, led by Sequoia India’s scale-up programme, Surge...
NCLAT dismisses RNA plea against insolvency proceedings
The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea challenging initiation of insolvency proceedings against realty developer RNA Corporation. The National Company Law Tribunal (NCLT) had in...
NCLAT sets aside insolvency proceedings of Vipul Limited
The National Company Law Appellate Tribunal (NCLAT) has set aside insolvency proceedings of real estate developer Vipul Limited. The Gurgaon-based company approached the court claiming it has reached a settlement with...
Indiabulls Real Estate to merge certain Embassy Property projects with self
Realty developer Indiabulls Real Estate has approved merging Bengaluru-based Embassy Property Developments with itself. Apart from bringing its ongoing, completed and planned projects into the company, Embassy is in...
EPC lenders move NCLT against Mauritian bidder
The monitoring agency of EPC Constructions India has approached the bankruptcy court against successful bidder Mauritius-based Royale Partners Investment Fund for not depositing the required amount after agreeing to pay...
NCLAT sets aside insolvency proceedings against Raheja Developers
Providing a major relief to Raheja Developers, the National Company Law Appellate Tribunal (NCLAT) has set aside the insolvency proceedings against the NCR-based real estate firm and handed over the management of the...
UWIC collaborates with Japan’s YKK for windows, doors
The Japanese company representative Rajath Aggarwal said YKK was keen on expanding its foothold in India in collaboration with UWIC. Hyderabad headquartered building materials manufacturer UWIC Building Materials has...
PMC Bank scam: HC sets up panel for sale of HDIL assets
The Bombay High Court on Wednesday ordered the appointment of a three-member committee to oversee the sale of assets of Housing Development Infrastructure (HDIL) to pay the depositors of Punjab and Maharashtra Co...
