Debt-stressed Jaypee Infratech’s financial creditors and home buyers have voted against the bid of Mumbai-based Suraksha Realty, the only offer that was left in fray to acquire the company. Both financial creditors and...
Australia’s Villa World gets sweetened A$293.5 million takeover bid from AVID Property
Australian property developer Villa World on Thursday received a sweetened takeover offer from AVID Property Group Australia Pty, which now values the company at A$293.5 million($205.95 million). AVID bumped up the...
NBCC gets approvals for revised Jaypee Infra bid
State-run NBCC NSE 1.04 % has received the government’s approval for its revised bid for Jaypee Infratech after a week of lenders of debt-stressed realty developer rejected its offer last week citing lack of these...
IDBI Bank seeks more time for Jaypee Infratech resolution
IDBI BankNSE -4.43 %, the debt stressed Jaypee Infratech’s lead lender, has approached the Allahabad bench of the National Company Law Tribunal (NCLT) to seek an extension to insolvency proceedings beyond the current...
Sterling SEZ: NCLT gives an earful to bankers, orders their personal presence Friday
The NCLT Thursday took a very serious note of the failure of bankers, who want to withdraw bankruptcy proceedings against SterlingNSE -0.54 % SEZ & InfrastructureNSE -0.29 %, in taking note of the fraudulent...
NBCC sweetens bid for Jaypee Infratech, offers lenders land parcels worth Rs 5k crore
State-owned NBCC has sweetened its bid to acquire debt-ridden Jaypee InfratechNSE -4.00 % and has now offered to give lenders Rs 5,000 crore worth land parcels, sources said. The public sector enterprise, which is also...
NBCC submits revised bid for Jaypee Infratech
State-owned NBCC NSE 1.26 % Ltd Wednesday submitted its revised bid to acquire debt-ridden Jaypee InfratechNSE -3.85 % and complete over 20,000 delayed apartments in Noida, sources said. NBCC and Suraksha group, which...
NCLT consults Centre, bankruptcy board to resolve Jaypee Infra deadlock
In the matter between IDBI Bank and Jaypee Infratech, the National Company Law Tribunal’s (NCLT) New Delhi Bench has sought views from the government and Insolvency and Bankruptcy Board of India (IBBI) on ways to...
Essel Group in talks to sell road assets to CDPQ, Cube Highways
Roads platform Cube Highways and Infrastructure Pte. Ltd and Canada’s Caisse de dépôt et placement du Québec (CDPQ) are in talks to buy three toll roads from debt-laden Essel Group, three people aware of the matter...
For now, Jaypee lenders unlikely to entertain possible Adani bid
Lenders of debt-ridden Jaypee InfratechNSE 4.17 % are unlikely to seek any fresh offers, including from Adani Group, till current round of bidding process is complete under the insolvency law, sources said. Last week...
NBCC to submit revised bid to acquire Jaypee Infratech by April 25
State-owned NBCCNSE -0.32 % Ltd is likely to submit revised bid by April 25 for acquiring debt-ridden Jaypee Infratech and complete the housing projects. Lenders of Jaypee Infratech met Tuesday here and asked NBCC to...
Tridhaatu Realty in talks with private equity firms to raise Rs 450 crore
Realty developer Tridhaatu Realty is in talks with private equity firms to raise about Rs 450 crore to fund development of its ongoing projects and support further expansion across Mumbai over the next 3-4 years. The...
