The UK Takeover Panel has extended the deadline for the 720 million pound ($913.7 million) all-share takeover proposal by homebuilder Bellway for its FTSE midcap peer Crest Nicholson to Aug. 20, the companies said on...
Equity Residential to buy apartment portfolio from Blackstone for nearly $1 bln
Equity Residential has agreed to acquire 11 apartment properties located in its expansion markets such as Atlanta and Denver from Blackstone for about $964 million, the companies said on Wednesday. The company will...
Mahindra Lifespace, Actis form JV to build industrial & logistics park; 1st project in Chennai
Realty firm Mahindra Lifespace Developers Ltd and Actis have formed a joint venture platform ‘Ample Parks’ for the development of industrial and logistics parks and will build their first 70-acre project in...
Singapore firm gets NCLT nod to buy Alchemist Infra Realty
The bankruptcy court in Delhi has approved the acquisition of Alchemist Infra Realty by the Singapore-based Vantage Point Asset Management. The company’s resolution professional had received a claim of Rs 1,293...
Bhutani Group picks up majority stake in WTC Noida in revenue-sharing deal
Noida’s Bhutani Group has acquired a majority stake in WTC Noida, a company licensed to develop 13 World Trade Centers across India, in a revenue-sharing deal that will ensure the completion of stalled projects...
NCLT orders insolvency proceedings against Supertech Township Projects
The National Company Law Tribunal has directed to initiate insolvency proceedings against Supertech Township Projects on a plea filed by Punjab & Sind Bank over a default of Rs 216.92 crore. This is the third group...
Keppel buys office asset in Chennai for ₹2,100 cr
Singapore-based global asset manager and operator Keppel has acquired One Paramount 1 tech park in Chennai for about ₹2,100 crore, said three people aware of the deal. The prime office asset is jointly owned by realty...
TA Associates leads $400-M investment in Vastu Housing
Private equity firm TA Associates Thursday said it has led the acquisition of a significant minority stake in Vastu Housing Finance Corp, a pan-India diversified lending institution. TA Associates bought the stake along...
Crest Nicholson likely to agree merger with Bellway to create $5 bln UK homebuilder
British homebuilder Crest Nicholson said on Wednesday it may recommend to its shareholders a sweetened 720 million pound ($922.1 million) all-share takeover deal from bigger rival Bellway if the latter comes up with a...
Crest Nicholson won’t enter talks on merger proposal from Avant Homes
British homebuilder Crest Nicholson said on Friday it had received a merger proposal from Elliott-backed Avant Homes but added it wouldn’t enter talks while it is in an offer period following Bellway’s...
Bankruptcy court approves resolution plan for Era Infra Engineering
After a delay of nearly seven years, lenders of Era Infra Engineering, are likely to recover part of their dues, as the bankruptcy court has approved the company’s acquisition by lesser-known SA Infrastructure...
Jaypee creditors pick IBC over NARCL’s Rs 10,000 crore offer
Lenders to debt-laden Jaiprakash Associates Ltd, or Jaypee, will pursue the insolvency route against the company, putting plans to sell the company’s massive debt to government-backed National Asset Reconstruction...
