Metals and mining giant VedantaBSE -0.65 % Ltd today said it has submitted a preliminary expression of interest (EoI) for Jaypee InfratechBSE -0.92 % currently undergoing the Insolvency Resolution Proceedings (IRP). The...
Shapoorji Pallonji JV to invest in three assets
In less than month since its formation, the Allianz Group-Shapoorji Pallonji Group’s joint platform for commercial properties has identified three assets spread over total 6 million sq ft for investment across the...
Brookfield Capital invests Rs 800 crore in Total Building
Brookfield Capital Partners, private equity arm of Brookfield Asset Management, has invested Rs 800 crore in Bengaluru-based real estate developer Total Environment Building Systems’ portfolio of five projects spread...
Allianz Group partners with Shapoorji Pallonji to raise $500 million fund
Global insurance and asset management major the Allianz Group has partnered with Shapoorji Pallonji Group to establish SPREF II, a Singapore-domiciled, Rupee denominated, closed-ended fund targeting the office market in...
Jaiprakash Associates approves debt restructuring
Jaiprakash Associates’ board has approved the transfer of certain assets and liabilities, including debt of over Rs 11,834 crore, to its subsidiary Jaypee Infrastructure Development Ltd as part of its efforts to...
Another Amrapali company under insolvency process
Ultra Homes -an Amrapali Group company -has gone in for insolvency resolution.Bank of Baroda, one of the lenders to the commercial project in Greater Noida, had moved the National Company Law Tribunal to recover its...
NBCC partners Finland company for EV charging infrastructure
State-owned construction firm NBCCBSE 0.60 % today said it has signed an MoU with Finland’s Fortum Oyj for developing electric vehicle charging infrastructure in upcoming development projects in India. “NBCC...
GIC seeks CCI nod for Rs 9K cr deal with DLF promoters
Singapore’s sovereign wealth fund GIC has approached fair trade regulator CCI seeking approval for its deal to acquire stake in DLF rental arm for Rs 8,900 crore and form joint venture with the realty firm. GIC...
NCLT starts insolvency proceedings against Amrapali Infrastructure
The principal bench of the National Company Law Tribunal (NCLT) on Monday admitted an insolvency petition against Amrapali Infrastructure, filed by Bank of BarodaBSE -0.11 %. The lender approached the tribunal after the...
Supertech raises Rs 350 crore from L&T Finance for housing project
Realty firm Supertech has raised Rs 350 crore from L&T Finance to fund an ongoing housing project in Greater Noida. The Noida-based firm also plans to launch next month a sports-centric housing project in Noida...
Lanco Group set to exit realty to focus on infrastructure business
Infrastructure firm Lanco Group has decided to exit its real estate investments to refocus on its core business. “Lanco wants to focus on infrastructure business and is not looking to make fresh investment in real...
Anarock buys Redwoods’ residential business
Anarock Property Consultants, floated by former JLL country head Anuj Puri, acquired the residential business of Redwoods, the Indian arm of Australian real estate agent LJ Hooker. The acquisition, for an undisclosed...
