Sadbhav Infrastructure Project on Tuesday said it has got final nod from various authorities, including the NHAI, for transfer of its 100 per cent stake in eight special purpose vehicles to IndInfravit Trust. The eight...
Jaypee Infra’s IRP approaches NCLT Allahabad for approval of NBCC’s bid
Jaypee Infratech’s Interim Resolution Professional Anuj Jain has filed an application before the National Company Law Tribunal (NCLT), Allahabad, to approve the bid of state-owned NBCC to acquire debt-laden realty...
SC stays order allowing MBL Infra promoter to take over ailing co
The Supreme Court has stayed an NCLAT order allowing Anjanee Kumar Lakhotia, the promoter of ailing MBL Infrastructure, to take over the company under a resolution plan submitted under the Insolvency Code despite a...
CPPIB leads race to buy Ashoka Concessions for Rs 5,500 crore
Canada Pension Plan Investment Board has emerged the front runner to acquire toll roads developer Ashoka Concessions, and is likely to sign a deal at an enterprise value of Rs 5,500 crore, or $770 million, two people...
Indiabulls Real Estate sells commercial assets in Gurugram, Mumbai to Blackstone for Rs 810 crore
Realty firm Indiabulls Real Estate has agreed to sell commercial projects in Mumbai and Gurugram to global investment firm Blackstone for an enterprise value of Rs 810.7 crore. The Mumbai-based developer said that the...
GIC to pick up Rs 430-crore stake in Prestige Estates
Singapore’s sovereign fund GIC is investing around Rs 430 crore in listed real estate developer Prestige Estates through a preferential issue of equity shares. GIC-managed investment firm Gamnat Pte will acquire 13.4...
Prestige top contender for debt-ridden Ariisto
Real estate firm Prestige Group has emerged as the top contender to take over debt-ridden Ariisto Developers, which is currently under insolvency proceedings, with both lenders and homebuyers approving the resolution...
Crisil to acquire Greenwich Associates LLC
Rating agency Crisil Ltd on Friday said it will acquire proprietary benchmarking data provider Greenwich Associates LLC and its subsidiaries, at a consideration of USD 40 million (around Rs 284.3 crore). In a regulatory...
NBCC gets nod of lenders, homebuyers to acquire Jaypee Infratech in insolvency process
State-owned NBCC on Tuesday won approval of financial creditors to takeover debt-laden Jaypee Infratech Ltd, rekindling hopes of homebuyers finally getting their promised flats over the next 4 years. A week-long voting...
Jaypee Infratech: Lenders, homebuyers approve NBCC’s bid
Jaypee Infratech’s financial creditors, including lenders and home buyers, have approved the bid of state-owned NBCC to acquire the debt- laden realty firm under insolvency process, according to sources. They said...
Suraksha Realty raises objections to lenders, IRP for not putting highest bid on vote
Suraksha Realty Raises Objection to Lenders, IRP for not putting Highest Bid on Vote. Suraksha Realty, one of the two bidders for insolvent developer Jaypee Infratech, has raised objections to the Interim resolution...
Suraksha Realty hopeful of getting favourable vote of lenders, home buyers on Jaypee bid
Mumbai-based Suraksha Realty on Monday expressed confidence that bankers and home buyers will vote in favour of its bid to acquire bankrupt realtor Jaypee Infratech, saying that the company has substantially improved...
