JSW Infrastructure on Thursday said it has reached an understanding with Suraksha Realty to provide financial and technical support to the Mumbai-based company which has submitted the final offer to acquire debt-ridden...
JSW Group enters the Jaypee Infra insolvency scene
The much-talked about Jaypee Infratech (JIL) insolvency has another player in the game with JSW Infrastructure partnering with Suraksha Realty to support the latter in building and completing the stalled projects of the...
Jaypee Infra insolvency: NBCC, Suraksha Realty place final bids
More than 22,000 Jaypee Infratech home buyers have opted for internal voting of the committee of creditors to decide which of the two companies that have bid to take over the stuck projects would complete them. State...
Lone Star in exclusive talks to buy BASF construction chemicals unit -sources
Lone Star has entered exclusive negotiations to buy BASF’s construction chemicals business as the German chemicals company seeks to focus on more profitable operations, people close to the matter said. The private...
Brazil’s IG4 Capital to buy controlling stake in Peru’s Grana y Montero
Brazilian private equity firm IG4 Capital has agreed to acquire a controlling stake in Peruvian construction conglomerate Grana y Montero SAA, according to a company statement and securities filing on Wednesday. IG4...
Prestige Group buys 29% in DB realty project
Realty developer Prestige Group has picked up 28.99% stake in commercial development of a DB Realty project. The commercial property in Mumbai’s Bandra locality has a development potential of over 7 lakh sq ft and is...
Jaypee Infra resolution: NBCC offers 1,426 acres to banks
Softening its resolution plan for Jaypee Infratech (JIL), state-run construction major NBCC has offered 1,426 acres land, worth ₹5,001 crore, of the bankrupt company to its financial creditors, sources said. NBCC had...
CCI approves Adani’s 23.5% stake-buy in Mumbai International Airport
Fair trade regulator CCI on Thursday approved Adani Properties’ acquisition of 23.5 per cent stake in the country’s second busiest aerodrome Mumbai International Airport. Adani Properties has acquired the...
NBCC, Suraksha Realty asked to make fresh bids for Jaypee Infratech
State-owned NBCC and Suraksha Realty have been asked to submit fresh bids to acquire debt-laden Jaypee Infratech in an ongoing insolvency process, sources said. Lenders of Jaypee Infratech will meet on November 18 to...
Tata PE fund looks to exit group’s construction biz
Tata Opportunities Fund, a $600-million private equity fund which has ride-hailer Uber in its portfolio, is looking to exit its minority stake in Tata Projects Ltd, said two people aware of the development, requesting...
France’s Saint-Gobain to buy U.S. firm Continental Building Products for $1.4 billion
French construction material producer Saint-Gobain has agreed to buy U.S. company Continental Building Products Inc in a deal valued at $1.4 billion, which Saint-Gobain said would boost its earnings and profile in the U...
Bovis, Galliford agree housing deal in ailing British market
Bovis Homes sealed a deal for UK builder Galliford Try’s residential business on Thursday, more than doubling the size of its housing development business and making it the fifth largest player in a struggling British...
