Senior living firm Columbia PacificCommunites is being merged with Ranjan Pai-backed Kites Senior Care. The merger of KITES Senior Living and Columbia Pacific India arm would create one of the largest senior living...
Shares of China Evergrande’s EV unit soar after liquidators’ stake sale deal
Shares of China Evergrande New Energy Vehicle Group more than doubled on Monday as trade resumed after the company said liquidators had agreed on behalf of key shareholders to sell a stake in the electric vehicle (EV)...
NCLAT upholds NCLT order on Jaypee Infra; asks Suraksha to pay additional Rs 1,300 crore
Insolvency appellate tribunal NCLAT on Friday upheld Suraksha Realty’s bid to acquire debt-ridden Jaypee Infratech but asked it to pay an additional Rs 1,334 crore as farmers’ compensation — a...
Nexus REIT in talks to buy Marina Mall in Chennai
Real estate investment trust (REIT) Nexus Select Trust is in talks to acquire The Marina Mall in Chennai which has nearly 600,000 square feet retail space, said people with direct knowledge of the development. The mall...
NCLT allows IL&FS Transportation Networks to offload shares in an expressway project
The National Company Law Tribunal (NCLT) has allowed IL&FS arm IL&FS Transportation Networks to offload its shares in Moradabad Bareilly Expressway to the Roadstar Infra Investment Trust (InvIT). The two-member...
Brookfield India REIT set to buy Bharti’s nearly 50% stake in realty JV
Brookfield India Real Estate Trust is set to acquire nearly 50% stake in Bharti Enterprises’ real estate joint venture with Brookfield Asset Management. The deal is estimated to value the portfolio spread over 3.3...
Blackstone in talks to acquire Adani Realty’s BKC office tower for Rs 2,000 cr
Blackstone Group is in advanced talks to buy Adani Realty’s commercial real estate project Inspire BKC, situated on the edge of Mumbai’s bustling business district Bandra-Kurla Complex (BKC), persons with direct...
Indiabulls Real Estate acquires Sky Forest Projects for Rs 647 crore
Indiabulls Real Estate on Tuesday said it has acquired 100 per cent stake in Sky Forest Projects Pvt Ltd from Blackstone at an enterprise value of Rs 647 crore. In a regulatory filing, the company said its subsidiary...
NCLT OKs Macrotech Developers’ acquisition of Centaur Hotel owner’s V Hotels
A bankruptcy court approved Macrotech Developers’ acquisition of Mumbai-based V Hotels Ltd, owner of Tulip Star, earlier known as the iconic Centaur Hotel. Lodha Group-owned Macrotech Developers is paying around Rs 890...
NCLT admits insolvency plea against two Essel Group companies on Indiabulls Housing plea
The bankruptcy court on Thursday admitted two Essel Group entities Primcomm Media Distribution Ventures Ltd and Essel Homes Pvt Ltd under the Corporate Insolvency Resolution Process (CIRP) after Gnex Realtech Pvt Ltd...
Edelweiss Alternatives acquires IT park in Bengaluru for over Rs 1,500 cr
Edelweiss Alternatives, the alternative asset arm of the Edelweiss Group, has acquired MFAR Developers’ 1.1-million-sq-ft information technology park in Bengaluru for over Rs 1,500 crore. This is the largest and first...
hBits forays into Pune property market, acquires asset in CyberCity Magarpatta
Fractional ownership platform hBits is looking to raise over Rs 55 crores for a pre-leased commercial asset it has acquired in Pune marking its foray in the second largest city in Maharashtra. The property is leased to...
