Amid legal challenges for Suraksha group’s successful bid for debt-laden Jaypee Infratech, the monitoring panel set up to oversee the insolvency process has moved the National Company Law Tribunal (NCLT) seeking...
UK homebuilder Barratt to buy Redrow in 2.52 billion pound deal
Britain’s biggest homebuilder Barratt has agreed to buy smaller rival Redrow in an all-stock deal valuing it at about 2.52 billion pounds ($3.18 billion) as it looks to capitalise on a fledgling recovery in the...
Strata acquires Bengaluru’s Iconic Café Coffee Day headquarters
Strata, one of India’s largest commercial real estate investment platform, has acquired the 11-storey tower Cafe Coffee Day Square at Bengaluru’s premium Vittal Mallya Road for over Rs 150 crore. The Cafe Coffee Day...
CapitaLand India Trust to Acquire three industrial facilities at OneHub Chennai, India
CapitaLand India Trust (CLINT) has entered into a forward purchase agreement with Casa Grande Group to acquire three industrial facilities with a total net leasable area of 0.79 million sq ft at OneHub Chennai, India...
NCLT clears J Kumar infra’s bid to buy Pranav Construction
The bankruptcy court has approved listed infrastructure firm J Kumar Infraprojects’ bid to acquire Pranav Construction Systems Pvt Ltd. As part of the insolvency process, J Kumar Infraprojects has proposed to pay...
Japan’s Sekisui House to buy US homebuilder MDC for $4.95 bln
Japanese homebuilder Sekisui House said it has struck a deal to buy Denver-based builder MDC Holdings <MDC.N> for about $4.95 billion in cash, to become the fifth-biggest homebuilder in the United States. Sekisui...
KKR’s road InvIT to acquire 12 assets from PNC infratech
Highway Infrastructure Trust, an infrastructure investment trust (InvIT) backed by private equity firm KKR, has agreed to acquire a dozen road projects from PNC Infratech Ltd and PNC Infra Holdings Ltd for a total...
KKR’s road InvIT to acquire 12 assets from PNC infratech
Highway Infrastructure Trust, an infrastructure investment trust (InvIT) backed by private equity firm KKR, has agreed to acquire a dozen road projects from PNC Infratech Ltd and PNC Infra Holdings Ltd for a total...
CCI clears Alpha Alternatives Group stake purchase in Dilip Buildcon
Fair trade regulator Competition Commission of India (CCI) has granted approval to Alpha Alternatives Group for the acquisition of a 10 per cent stake in Dilip Buildcon, according to a notice. The CCI cleared the deal...
NCLT admits insolvency plea against Ansal Props’ promoter
National Company Law Tribunal (NCLT) has admitted a personal insolvency application filed by Indian Bank against realtor Pranav Ansal, the promoter of Ansal Properties and Infrastructure, as per the contents of a court...
BHIVE Group acquires product engineering firm Praemenio
BHIVE Workspace has strengthen its technology platform with its first acquire of a product-engineering firm Praemenio to support its fast-growing coworking and fintech businesses. The transaction comprises a composite...
NCLT admits IIFL Finance’s claim against Satra Properties as financial debt
The National Company Law Tribunal (NCLT) has accepted an application of IIFL Finance to admit its claim against Satra Properties under the category of financial debt in an ongoing case between the property developer and...
