Realty firm Mahindra Lifespace Developers Ltd and Actis have formed a joint venture platform ‘Ample Parks’ for the development of industrial and logistics parks and will build their first 70-acre project in...
Singapore firm gets NCLT nod to buy Alchemist Infra Realty
The bankruptcy court in Delhi has approved the acquisition of Alchemist Infra Realty by the Singapore-based Vantage Point Asset Management. The company’s resolution professional had received a claim of Rs 1,293...
Bhutani Group picks up majority stake in WTC Noida in revenue-sharing deal
Noida’s Bhutani Group has acquired a majority stake in WTC Noida, a company licensed to develop 13 World Trade Centers across India, in a revenue-sharing deal that will ensure the completion of stalled projects...
NCLT orders insolvency proceedings against Supertech Township Projects
The National Company Law Tribunal has directed to initiate insolvency proceedings against Supertech Township Projects on a plea filed by Punjab & Sind Bank over a default of Rs 216.92 crore. This is the third group...
Keppel buys office asset in Chennai for ₹2,100 cr
Singapore-based global asset manager and operator Keppel has acquired One Paramount 1 tech park in Chennai for about ₹2,100 crore, said three people aware of the deal. The prime office asset is jointly owned by realty...
TA Associates leads $400-M investment in Vastu Housing
Private equity firm TA Associates Thursday said it has led the acquisition of a significant minority stake in Vastu Housing Finance Corp, a pan-India diversified lending institution. TA Associates bought the stake along...
Crest Nicholson likely to agree merger with Bellway to create $5 bln UK homebuilder
British homebuilder Crest Nicholson said on Wednesday it may recommend to its shareholders a sweetened 720 million pound ($922.1 million) all-share takeover deal from bigger rival Bellway if the latter comes up with a...
Crest Nicholson won’t enter talks on merger proposal from Avant Homes
British homebuilder Crest Nicholson said on Friday it had received a merger proposal from Elliott-backed Avant Homes but added it wouldn’t enter talks while it is in an offer period following Bellway’s...
Bankruptcy court approves resolution plan for Era Infra Engineering
After a delay of nearly seven years, lenders of Era Infra Engineering, are likely to recover part of their dues, as the bankruptcy court has approved the company’s acquisition by lesser-known SA Infrastructure...
Jaypee creditors pick IBC over NARCL’s Rs 10,000 crore offer
Lenders to debt-laden Jaiprakash Associates Ltd, or Jaypee, will pursue the insolvency route against the company, putting plans to sell the company’s massive debt to government-backed National Asset Reconstruction...
GIC, Xander buy Allianz-Shapoorji Pallonji JV’s Hyderabad IT SEZ WaveRock for Rs 2,200 cr
In the single largest commercial property transaction this year, Singapore sovereign fund GIC and Xander Investment Management partnership has acquired a commercial property in Hyderabad from Allianz Group and Shapoorji...
NCLAT upholds Adani Goodhomes bid with 93% haircut for Radius Estate
Insolvency Appellate Tribunal NCLAT has upheld orders approving Adani Goodhomes’ resolution plan for realty firm Radius Estate with a 93 per cent haircut for creditors. A two-member bench comprising the NCLAT...
