Conglomerate Shapoorji Pallonji Group’s investment arm Shapoorji Pallonji Investment Advisors is set to acquire a commercial project Inspire BKC in Mumbai’s business district Bandra-Kurla Complex (BKC) from...
Godrej PE arm may buy new Vernon’s IT Park at Thane for Rs 400 crore
Godrej Fund Management, the private equity real estate arm of Godrej Group, is in advanced talks with US-based private equity firm New Vernon Capital to buy its IT park at Thane for Rs 400 crore, said two persons...
Kolte-Patil Developers to raise Rs 193 Cr from KKR for Pune township project
Kolte-Patil DevelopersBSE 4.45 %’ joint venture company Kolte-Patil I-Ven Townships (Pune) (KPIT) has entered into an agreement to raise Rs 193 crore from global investment firm KKR. The said company is a joint...
Mitsubishi-led group to buy 20% in Cube Highways
A Mitsubishi Corporation-led Japanese consortium has agreed to buy a 20% stake in Cube Highways and Infrastructure, which is a Singapore-based developer of Indian infrastructure projects. While the companies did not...
ITPO to raise Rs 1,500 crore to fund hotel project
The commerce ministry’s trade promotion body India Trade Promotion Organisation (ITPO) plans to raise around Rs 1,500 crore through loans and by monetising some portion of land at Pragati Maidan in Delhi to part...
Dilip Buildcon gets board approval to raise Rs 600 crore
Infrastructure firm Dilip Buildcon today said its board has approved the proposal to raise Rs 600 crore by issuing non-convertible debentures on private placement basis. The board “has approved the authority for...
Altico Capital invests Rs 1,250 crore in 5 realty deals
Altico Capital, the non-banking finance company, promoted by Clearwater Capital, Abu Dhabi Investment Council and Varde Partners, has invested over Rs 1,250 crore across five deals in Pune and Hyderabad. These...
Unitech wants Supreme Court to stay NCLT order immediately
UnitechBSE 0.65 % on Tuesday urged the Supreme Court to immediately stay the National Company Law Tribunal’s (NCLT) order directing the government to takeover the builder’s management. The order runs...
Supreme Court to hear Unitech plea on takeover
The Supreme Court will hear today an appeal filed by ailing real estate major Unitech against an order of the NCLT (National Company Law Tribunal) directing the central government to take over the company. The NCLT had...
Paragon Partners sells 3.09% stake in Capacit’e Infraprojects
Private equity firm Paragon Partners on Thursday sold a 3.09% stake in real estate construction services company Capacit’e Infraprojects Ltd, according to a stock exchange filing. Paragon Partners sold a total of 2.1...
Adani, Hindujas join race for Jaypee Infra
At least three high-profile bidders — Adani Group, Hindujas and Sajjan Jindal’s JSW Group — have entered the fray to invest in Jaypee InfratechBSE 1.14 %, taking the number of suitors past 20. The move comes as...
Tata Housing to invest Rs 350 crore on luxury project in Kolkata
Tata group’s real estate firm Tata Housing plans to launch an ultra-luxury residential project, comprising 150 apartments, in Kolkata early next year at an investment of about Rs 350 crore. Spread over 3.5 acres...
