Realty developer Valor Estate, formerly DB Realty, has emerged as the highest bidder for Lavasa Corporation with an offer of ₹771.09 crore on a net present value (NPV) basis, as part of the ongoing insolvency resolution...
Adani submits unconditional bid for Jaiprakash Associates
The Adani Group has emerged as the only bidder without conditions in the race to acquire Jaiprakash Associates, submitting a ₹12,600 crore offer under the ongoing insolvency process. The other bidders – Dalmia...
Oriental Trimex to divest land assets, granite unit
Marble processor and importer Oriental Trimex on Saturday said it plans to divest land assets and a small granite unit in Odisha to reduce expenses and streamline operations. According to a business update shared on...
Incuspaze buys realty analytics company VSKOUT
Flexible workspace provider Incuspaze has acquired VSKOUT, a business-to-business software-as-a-service solution offering data analytics for commercial real estate, just days after acquiring Pune-based smaller rival...
Adani Properties gets NCLT nod to acquire HDIL’s two assets
The National Company Law Tribunal (NCLT) has approved Adani Properties’ acquisition of two assets of defunct real estate developer Housing Development and Infrastructure (HDIL) through the corporate insolvency...
Hyatt to sell Playa’s real estate portfolio for $2 billion
Hyatt Hotels said on Monday it has agreed to sell the real estate portfolio owned by Playa Hotels to Tortuga Resorts for $2 billion, as the U.S. hospitality chain seeks to strengthen its asset-light business. Hyatt had...
Adani arm buys Granthik Realtors for Rs 86 cr to boost infra development plans
AdaniConneX Pvt Ltd, a joint venture of Adani Enterprises Ltd (AEL), has acquired a 100% stake in Granthik Realtors Pvt Ltd for Rs 85.99 crore, the company informed stock exchanges on Friday. The acquisition, completed...
Adani, Vedanta, Dalmia, JSPL among six bidders for Jaypee Associates
Jaiprakash Associates Ltd. (JAL), the debt-laden infrastructure and real estate company, has drawn six resolution plans from suitors including Adani Group, Vedanta, JSPL (Naveen Jindal), Suraksha Group, Dalmia Bharat...
Incuspaze acquires Trios ahead of $25 million pre-IPO fundraising
Flexible workspace provider Incuspaze has acquired Pune-based smaller rival Trios ahead of a $25 million (about Rs 215 crore) planned pre-IPO fundraising, its founder said. He did not disclose the financial terms of the...
Cube Highways Trust acquires 2 highway assets in Jammu & Kashmir from NIIF for Rs 4,185 crore
Cube Highways Trust on Thursday said it has completed the acquisition of two highway assets in Jammu and Kashmir from the National Infrastructure Investment Fund at an enterprise value of Rs 4,185 crore. The Trust is...
CCI clears Blackstone’s 40% stake acquisition in Kolte-Patil Developers
The Competition Commission of India (CCI) has approved BREP Asia III India Holding Co VII’s proposal to acquire a 40 per cent stake in Kolte-Patil Developers Limited. According to a press release, “The acquirer is...
JK Cement Acquires 60 Per Cent Stake in Saifco Cements for Rs 1.5 Bn
JK Cement , JK Cement Saifco Acquisition: JK Cement has completed the acquisition of a majority 60 per cent stake in Jammu & Kashmir-based Saifco Cements for Rs 150 crore. Following this, Saifco Cements has become a...
