Max Ventures & Industries Limited (MaxVIL), a Max Group company that manages real estate businesses in NCR as well as a Specialty Packaging Films company, has decided to exit the packaging films business in order to...
Construction
Migsun acquires HDFC’s stake in Greater Noida’s SEZ project
Realty developer Migsun Group has cleared the stakes of HDFC from its SEZ project in Greater Noida in close to Rs 50 crore. Last year, the group had acquired Ansal’s stake in Ansal IT City Park (SEZ) Tech Zone...
Brookfield, Godrej Fund in race to acquire IL&FS’ headquarters in Mumbai’s BKC
Brookfield Asset Management and Godrej Fund Management, the realty-focused private equity arm of the Godrej Group, are in a close race to acquire the headquarters of IL&FS, an iconic property in Mumbai’s financial...
Key Evergrande deal to sell stake in unit put on hold – sources
China Evergrande Group’s deal to sell a 51% stake in its property services unit has been put on hold, two people with knowledge of the matter said, in a blow to the embattled developer’s hopes of avoiding a potentially...
Evergrande CEO in Hong Kong for restructuring, asset sale talks, sources say
Evergrande Group’s chief executive is holding talks in Hong Kong with investment banks and creditors over a possible restructuring and asset sales, two people said, as the Chinese developer battles against default...
Alliance Group raises Rs 165 crore from Kotak Realty Fund
Chennai-based real estate firm Alliance Group has raised around Rs 165 crore from Kotak Realty Fund against an ongoing residential project in Chennai. The structured debt deal is against an affordable housing project...
Evergrande to raise $1.5 billion by selling bank stake to state-owned firm
A Chinese state-owned enterprise struck a deal to buy most of China Evergrande Group’s stake in a commercial bank for $1.5 billion, the latest sign that the country’s authorities are trying to help the property giant...
NCLT to hear plea on Suraksha’s bid for Jaypee Infratech on Tuesday
The National Company Law Tribunal (NCLT) will on Tuesday hear the plea for approval of the Suraksha group’s bid to acquire debt-ridden realty firm Jaypee Infratech. The matter is listed before the Delhi-based...
Evergrande’s second-biggest shareholder plans to sell entire stake
Chinese Estates Holdings, the second-biggest shareholder of embattled developer China Evergrande, said on Thursday it has sold $32 million worth of its Evergrande stake and plans to exit the holding completely...
Tata Realty buys out Actis’ equity stake in project Intellion Square in Mumbai
Realty developer Tata Realty & Infrastructure Ltd (TRIL) has bought out the entire equity stake held by global investor Actis’ affiliate Actis TREIT Holdings No. 2 (Singapore) in its commercial project Intellion...
Bharti Realty ties up with Honeywell to improve indoor air quality at office complex
Bharti Realty has tied up with Honeywell to help improve indoor air quality (IAQ) in company’s real estate portfolio in National Capital Region. The company will help improving indoor air quality at Airtel Centre...
IDBI Trusteeship approaches NCLT against Noida developer Shipra Estate
IDBI Trusteeship Services has approached the Delhi bench of the National Company Law Tribunal (NCLT) against Noida-based developer Shipra Estate Ltd for the default of over Rs 315 crore. IDBI Trusteeship is a trustee...
