Retail-led mixed-use asset developer and operator, The Phoenix MillsNSE -0.40 % has transferred its entire equity holding in wholly-owned subsidiary Insight Mall Developers in favour of its subsidiary Island Star Mall...
NCLT admits insolvency plea against Ariisto Developers
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted and initiated insolvency proceedings against Mumbai-based Ariisto Developers and has appointed an interim resolution professional (IRP) to manage...
Blackstone in final leg to buy ‘One BKC’ in Mumbai’s Bandra Kurla Complex
US-based private equity firm Blackstone is on the final lap of talks to buy a commercial complex in Mumbai’s Bandra Kurla Complex for about Rs 30 billion, said a source in the know. The office complex One BKC is owned...
Oberoi Realty in talks to buy Blue Star’s Thane land parcel
Realty developer Oberoi RealtyNSE -0.49 % is in talks with air-conditioning and commercial refrigeration company Blue Star India to acquire its 9-acre land parcel in Thane on an outright basis, said two persons with...
Kotak, L&T, NBCC, 2 others submit EoI to take over bankrupt Jaypee Infratech
Five companies — NBCC, Kotak Investment, L&T Infrastructure, Singapore-based Cube Highways and Suraksha group — have shown interest in taking over debt-ridden Jaypee Infratech, which is facing bankruptcy...
MIDC plans to acquire 68,000 hectares, to invest $2 billion to develop basic infrastructure
To attract more investments, especially to sectors like aerospace, defence and automotive, the Maharashtra Industrial Development Corporation (MIDC) is planning to acquire additional 68,000 hectares over the next five...
After Essar Steel, ArcelorMittal now eyes EPC Constructions
ArcelorMittal, which has emerged the top bidder for Essar Steel Ltd after a lengthy battle, has now set its sights on another Essar Group company undergoing insolvency resolution, a person aware of the development said...
Diageo to sell office space in UB Tower to DivyaSree Group
Spirits major Diageo, which bought a controlling stake in Vijay Mallya’s United SpiritsNSE 1.95 %, will sell 30,000 sq ft of prime office space in the iconic UB Tower to DivyaSree Group in Bengaluru. The deal, pegged at...
China Evergrande to pay $2.1 billion for minority stake in Guanghui Group
Property developer China Evergrande Group (3333.HK) said it would pay some $2.1 billion for a minority stake in Guanghui Group, becoming the second-biggest shareholder in a company which has energy and vehicle sales...
Prestige looks to acquire malls
Realty developer PrestigeNSE 2.34 % Estates Projects is looking to acquire malls across major cities to expand its rental income base. The Bengaluru-based company is in talks to buy out malls in Pune and Mumbai...
NBCC to buy HSCC for Rs 285 crore
NBCCNSE 4.11 % said Thursday it will buy out 100 percent government stake in consultancy firm HSCC for Rs 285 crore. “DIPAM intimated vide letter dated September 13, 2018 that NBCC has been selected as the buyer...
Singapore’s GIC buys minority stake in Mumbai realty firm Provenance Land
Singapore’s sovereign wealth fund GICNSE -0.69 % has acquired a ‘significant minority’ stake in Provenance Land for an undisclosed amount, the realty firm said. GIC had in December last year bought 33...
