Blackstone, the US-based private equity fund manager, is looking to buy more of under-construction office projects. It is preferring these projects to fully built and leased properties due to more of competition...
NCLT stays order to withdraw Sterling SEZ’s insolvency resolution process
The dedicated bankruptcy court has stayed its earlier order to allow the withdrawal of corporate insolvency process of Sterling SEZ & Infrastructure, a firm owned by brothers Nitin and Chetan Sandesara, believed to...
NBCC seeks more time to revise bid for Jaypee Infratech
State-run construction company NBCCNSE 0.57 % has sought an extension of more than two weeks from the Committee of Creditors (CoC) overseeing Jaypee Infratech’s insolvency resolution process to submit a revised bid for...
Singapore govt sells 6.8 crore shares of DLF for Rs1,298 crore
Singapore government on Monday sold 6.8 crore shares of realty giant DLF for ₹1,298 crore through open market transaction, with its stock price tumbling sharply by over 8 per cent. Singapore government held around 7.32...
WAPCOS gets CCI nod for NPCC acquisition
The Competition Commission on Monday said it has given nod to public sector firm WAPCOS Ltd for acquiring shares of National Projects Construction Corporation (NPCC). In a tweet, the fair trade regulator said that it...
NBCC ready to buy more stressed realty assets
State-run construction major NBCCNSE 2.08 % is open to acquiring more distressed assets in the real estate sector, provided there are no corporate governance issues, chairman Anoop Kumar Mittal has said. NBCC has...
NCLT clears Sharad Sanghi’s revised resolution proposal for Jyoti Structures
Dedicated bankruptcy court National Company Law Tribunal (NCLT) approved a resolution plan for debt-laden Jyoti StructuresNSE 2.78 % for Rs 3,965 crore with about 45% haircut. A group of investors led by Sharad Sanghi...
NCLT admits revised bid for Jyoti Structures; DBS to move SC
The Mumbai bench of the National Company Law Tribunal (NCLT) Tuesday accepted the amended resolution plan for Jyoti StructuresNSE 2.86 %, following an order to this effect by the appellate tribunal, a move opposed by...
TVS Realty arm buys Chennai plot for Rs 150 cr
TVS Emerald Housing, the real estate arm of TVS group, has bought a 6.5 acre land parcel in Chennai’s IT corridor for Rs 150 crore from SNP Infrastructure, according to people aware of the matter. The land was bought at...
Jaypee infra lenders seek clarity from NBCC on acquisition bid
Lenders of crisis-hit realty developer Jaypee Infratech, in a meeting held on Friday, sought clarity from state-run NBCC on certain legalities and on its bid to acquire the company. NBCC is expected to respond to these...
NBCC leads race for Jaypee Infratech
State-owned NBCCNSE -0.50 % is seen to be ahead in the race to acquire Jaypee InfratechNSE 4.00 % under the insolvency resolution plan. The public sector construction company NSE -1.25 % has filed a higher financial bid...
GMR Infrastructure forms panel to ‘spin off’ airport business
GMR Infrastructure NSE 0.34 % Ltd has said it has constituted a sub-committee of its board for a possible spin-off of the airport business as it sees a USD 100-billion investment opportunity in India. According to a...
