After Jaypee Infratech, the process of corporate insolvency resolution under the insolvency and bankruptcy code is likely to be initiated against three Amrapali group companies -Noida’s Silicon City and Greater...
Two fixed deposit holders take Jaiprakash Associates to NCLT
Two fixed deposit (FD) holders have filed insolvency proceedings against Jaiprakash Associates Limited (JAL) in the National Company Law Tribunal (NCLT) in Allahabad. One of them has a deposit of Rs 56,000 and the other...
Insolvency resolution professional rules out refund possibility for home buyers in Jaypee case
The insolvency resolution professional (IRP) handling the Jaypee Infratech case has ruled out the possibility of home buyers getting refunds, but has assured efforts are being made to ensure the continuation of project...
Chinese developer Sunac to raise $516.4 million in share sale
Developer Sunac China Holdings Ltd, involved in a $6.5 billion deal with conglomerate Dalian Wanda Group, said on Tuesday it has agreed a private share sale worth $516.4 million, with the proceeds earmarked for...
Homebuilder D.R. Horton offers to buy 75 percent of Forestar for $520 million
D.R. Horton Inc (DHI.N) on Monday offered to buy 75 percent of Forestar Group Inc (FOR.N) for about $520 million, pitting the No. 1 U.S. homebuilder against Starwood Capital Group, which in April agreed to buy the Texas...
GMR Group to sell assets, refinance loans to cut debt
GMR Group today said it is planning to refinance loans and divest assets in road and power sectors to cut debt even as it is looking at investing up to Rs 7,400 crore to expand Delhi and Hyderabad airports. “We...
Sahara in talks for sale of foreign hotels, 30 domestic assets
The embattled Sahara group is in talks for sale of its three prized foreign hotels, while final bids are being evaluated for auction of its 30 domestic properties estimated at about Rs 7,500 crore. While more than 250...
ASK Group to invest Rs 200 cr in ATS infrastructure project in Noida
Private equity firm ASK Group today said it is investing Rs 200 crore in ATS Infrastructure’s mixed use development project ‘Knight Bridge’ in Noida. The deal marks the company’s foray into the...
Canada’s pension fund to invest up to $1.2 bn in IndoSpace JV
Canadian pension fund, Canada Pension Plan Investment Board (CPPIB), has acquired a majority stake in IndoSpace, the warehousing, and logistics real estate arm of the Everstone Group. The pension fund has committed $500...
JLL sells India housing brokerage to former country head Anuj Puri
Global property consultant JLL today announced the sale of its India residential brokerage arm to its former country head Anuj Puri for an undisclosed amount. Puri, who quit JLL India in February after serving 10 years...
SNC-Lavalin Steps Up Deal Push With $2.6 Billion Atkins Bid
SNC-Lavalin Group Inc. is holding talks to buy WS Atkins Plc of the U.K. for 2.08 billion pounds ($2.6 billion) as Canada’s biggest engineering and construction company looks to expand its global reach with a record...
Emami ties up with Sheth Corp for luxury homes project, to invest Rs 350 cr
Emami Group has partnered with Sheth Corp and agreed to invest Rs 350 crore to develop a luxury residential project ‘Montana’ in suburban Mulund here. Emami Group’s realty arm Emami Infrastructure and...
