NEW DELHI: Realty major DLF’s promoters are likely to sell 40 per cent stake in its rental arm by September, a deal estimated to fetch around Rs 12,000 crore. According to sources, three global institutional...
Lanco Infra in discussions with lenders to sell assets
NEW DELHI: Lanco Infratech Ltd today said it is in discussions with lenders and consultants to sell some of its operating assets. “Further to the implementation of the CDR scheme and other fund raising proposals...
Lenders to gain control at Lanco Infratech for a 60 per cent equity stake
HYDERABAD: A consortium of lenders on Tuesday decided to take control of Lanco InfratechBSE 0.79 % by converting a part of the cash-strapped company’s debt for a 60 percent equity stake, a person close to the...
Jaquar acquires majority stake in Korea-based Joeyforlife
NEW DELHI: Bath fittings and sanitary ware major Jaquar Group has acquired a majority stake in the South Korea-based Joeyforlife by investing $1.2 million, as part of efforts to expand its global footprint. Jaquar...
M3M group to sell Gurgaon IT-SEZ to Tata Realty for Rs 500 crore
NEW DELHI: Real estate firm M3M India has entered into an agreement with Tata Realty and Infrastructure to sell its proposed IT-SEZ at Gurgaon for about Rs 500 crore. M3M India’s subsidiary Mikado Realtors Pvt Ltd...
Rouse Properties Inc. stockholders approve merger
Rouse Properties Inc * Rouse Properties, Inc. stockholders approve merger * Merger is expected to close on or about July 6, 2016 * Votes “for” merger totaled about 51,127,690 million shares, or approximately...
DLF rental arm gets $1 billion bids from biggies like Blackstone Group, GIC of Singapore
MUMBAI: Blackstone Group, GIC of Singapore and Brookfield Asset Management have fired slightly over $1-billion separate bids to acquire a 40% stake in DLF’s commercial property unit that owns rent-yielding assets...
Kanakia Group acquires Kanjurmarg Land for Rs 125 crore from Windsor Realty
MUMBAI: Realty developer Kanakia Group has acquired a 2.5-acre land parcel in the Kanjurmarg suburb of Mumbai from Windsor Realty , a joint venture between Gopal Narang and Rajan Raheja. The developer has paid about Rs...
M3M India raises Rs 1250 cr from Indiabulls Housing
NEW DELHI: Gurgaon-based real estate developer M3M India has raised Rs 1,250 crore from Indiabulls Housing Finance and used Rs 700 crore of this money to pay the final installment to Sahara group, concluding a deal to...
Ashoka Buildcon bags $38.1 million EPC contract in Maldives
NEW DELHI: Construction firm Ashoka BuildconBSE -1.42 % has bagged a contract worth $38.11 million (around Rs 247 crore) from Maldives-based company Housing Development Corporation. “Our 50:50 consortium with...
