Hyatt Hotels said on Monday it has agreed to sell the real estate portfolio owned by Playa Hotels to Tortuga Resorts for $2 billion, as the U.S. hospitality chain seeks to strengthen its asset-light business. Hyatt had...
Adani arm buys Granthik Realtors for Rs 86 cr to boost infra development plans
AdaniConneX Pvt Ltd, a joint venture of Adani Enterprises Ltd (AEL), has acquired a 100% stake in Granthik Realtors Pvt Ltd for Rs 85.99 crore, the company informed stock exchanges on Friday. The acquisition, completed...
Adani, Vedanta, Dalmia, JSPL among six bidders for Jaypee Associates
Jaiprakash Associates Ltd. (JAL), the debt-laden infrastructure and real estate company, has drawn six resolution plans from suitors including Adani Group, Vedanta, JSPL (Naveen Jindal), Suraksha Group, Dalmia Bharat...
Incuspaze acquires Trios ahead of $25 million pre-IPO fundraising
Flexible workspace provider Incuspaze has acquired Pune-based smaller rival Trios ahead of a $25 million (about Rs 215 crore) planned pre-IPO fundraising, its founder said. He did not disclose the financial terms of the...
Cube Highways Trust acquires 2 highway assets in Jammu & Kashmir from NIIF for Rs 4,185 crore
Cube Highways Trust on Thursday said it has completed the acquisition of two highway assets in Jammu and Kashmir from the National Infrastructure Investment Fund at an enterprise value of Rs 4,185 crore. The Trust is...
CCI clears Blackstone’s 40% stake acquisition in Kolte-Patil Developers
The Competition Commission of India (CCI) has approved BREP Asia III India Holding Co VII’s proposal to acquire a 40 per cent stake in Kolte-Patil Developers Limited. According to a press release, “The acquirer is...
JK Cement Acquires 60 Per Cent Stake in Saifco Cements for Rs 1.5 Bn
JK Cement , JK Cement Saifco Acquisition: JK Cement has completed the acquisition of a majority 60 per cent stake in Jammu & Kashmir-based Saifco Cements for Rs 150 crore. Following this, Saifco Cements has become a...
Mumbai NCLT allows 90-day extension of insolvency resolution for Lavasa Corp
The Mumbai bench of National Company Law Tribunal (NCLT) has allowed a 90-day extension in the ongoing consolidated corporate insolvency resolution process (CIRP) of Lavasa Corp beginning May 29. The planned city...
Honeywell Acquires Pump, Compressor Maker Sundyne for $2.2B
Honeywell has purchased one of the energy industry’s largest pump and compressor manufacturers, Sundyne, for $2.16 billion from private equity firm Warburg Pincus, Honeywell said on June 9. The move follows Honeywell’s...
Fasteners Maker MNP Acquired by Italy’s Fontana Gruppo
Italy-based fasteners manufacturer Fontana Gruppo acquired Utica, MI-based MNP Corporation. Terms of the transaction were not disclosed. Founded in 1970, MNP Corporation is a manufacturer specializing in high-volume...
Ceigall India board approves C&C Construction merger to boost infra play
Ceigall India on Monday said its board has approved the merger of wholly-owned subsidiary Ceigall Infra Projects with publicly listed C&C Construction to enhance business efficiency. Ceigall India, an infrastructure...
Oberoi Realty sells 21.74% in JV I-Ven Realty to Alpha Wave for Rs 1,250 cr
Realty developer Oberoi Realty has sold 21.74% stake in its joint venture company I-Ven Realty to global investment firm Alpha Wave Ventures II for Rs 1,250 crore, making it one of the largest private equity investments...
