Realty firm Prateek Group has raised Rs 275 crore from Piramal Capital and Housing Finance NSE -1.00 % for its ongoing 40-acre housing project at Ghaziabad. In August 2014, the Noida-based developer had launched...
Supreme Court to decide on round 2 for saving Jaypee Infra
In a ruling which will have grave implications on how the bankruptcy process is implemented in India, the Supreme Court said it would decide whether a second shot should be taken to save Jaypee Infrastructure from...
U.S. building product firms NCI and Ply Gem to merge
U.S. building product makers NCI Building Systems Inc (NCS.N) and privately-held Ply Gem Parent LLC said on Tuesday they will merge in an all-stock deal, creating a company with an equity valuation of about $2.6 billion...
Building material retailer Shankara plans to raise ₹300 crore through QIP
Shankara Building Products Ltd, an organized retailer of home improvement and building material, has appointed an investment bank to raise up to ₹300 crore through a qualified institutional placement (QIP), said two...
Sagarmala Development Company to infuse Rs 125 crore in KRCL
Sagarmala Development Company (SDCL) has decided to infuse Rs 125 crore in special purpose vehicle KRCL, formed to provide rail connectivity between Krishnapatnam Port and Obulavaripalle in Andhra Pradesh. Krishnapatnam...
Hind Dorr-Oliver, HDO Tech to be liquidated: NCLT
The Mumbai bench of National Company Law Tribunal (NCLT) has ordered liquidation of engineering, procurement and construction (EPC) company Hindustan Dorr-Oliver and its associate HDO Technologies after lenders failed...
Government plans to sell Air India’s iconic Mumbai building to JNPT
The government has started discussions for sale of Air India’s iconic building in Mumbai to the country’s biggest container port JNPT as part of efforts to raise funds for the cash-strapped national carrier...
NBCC plans to buy 2 PSU construction firms for ₹500 crore in 2018
State-owned construction firm NBCC (India) Ltd plans to acquire two public sector companies in the construction sector with a total investment of up to ₹500 crore, top executives of the company said. The company is...
Construction company CRH agrees to conditions to acquire Ash Grove
Construction company CRH Plc (CRH.I) agreed to divest facilities in three states in order to win U.S. antitrust approval to buy Ash Grove Cement Co, the Federal Trade Commission said on Thursday. Already North America’s...
HDFC Capital acquires minority equity stake in ATS’ Homekraft
India’s largest mortgage lender HDFC’s wholly-owned subsidiary HDFCNSE -0.07 % Capital Advisors has acquired a minority stake in realty developer ATS Group’s compny HomeKraft for an undisclosed amount. HomeKraft, ATS’...
IndusInd, DBS Bank go to tribunal against Jyoti Structures’ resolution plan
Legal representatives appearing on behalf of IndusInd Bank and DBS Bank have filed applications with the National Company Law Tribunal (NCLT) in Mumbai, opposing the current resolution plan of Jyoti Structures. The...
NCLAT admits Jaiprakash Associates’ plea against NCLT order
The National Company Law Appellate Tribunal (NCLAT) today admitted the petition of debt ridden Jaiprakash AssociatesNSE -2.31 % challenging NCLT order, which had directed the realty firm to return nearly 760-acre land...
