Global investment major Actis and Mahindra Group’s real estate and infrastructure development arm Mahindra Lifespace Developers are together making a partial exit worth over Rs 120 crore from the latter’s subsidiary...
Top Abu Dhabi developer buys London Square for $291 mln
Abu Dhabi’s Aldar Properties has bought London-based developer London Square for an enterprise value of 1.07 billion dirhams ($291.4 million) in its first acquisition outside the Middle East. “Aldar intends...
NCLT dismisses insolvency resolution plea against Indamer Mjets Airport Service
The bankruptcy court in Mumbai has rejected an application filed against Indamer Mjets Airport Service Pvt Ltd to admit the company under the Corporate Insolvency Resolution Process (CIRP). New Delhi-based Dezire Group...
NCLT rejects CIRP plea against Dilip Buildcon
The Indore bench of the National Company Law Tribunal (NCLT) has rejected a petition filed by an operational creditor seeking to initiate bankruptcy proceedings against construction company Dilip Buildcon. Steel Scaff...
Infibeam Avenues acquires Sintex Group’s 10-storey commercial tower in Ahmedabad
Financial technology and digital payment services provider Infibeam Avenues has acquired an entire ground plus 10-storey commercial tower, which was being developed by textile manufacturer Sintex Group as its...
NCLT admits plea against Ansal Properties unit Serene Residency
The bankruptcy court in New Delhi has admitted the Serene Residency Group Housing Project at Sector ETA II after it defaulted on its dues of about ₹ 257 crore. The company is a subsidiary of listed real estate firm...
NCLT admits insolvency plea against Precision Realty Developers
The National Company Law Tribunal (NCLT) has admitted a petition filed by Phoenix Asset Reconstruction Company to initiate Corporate Insolvency Resolution Process (CIRP) against real estate company Precision Realty...
NCLT admits insolvency plea against Supertech ORB
Supertech ORB, which is constructing ultra-luxury high-rise residential apartments in the southeastern suburbs of Delhi-NCR, has been admitted for bankruptcy resolution, potentially delaying possession for homebuyers in...
Proptech firm Blox to buy controlling stake in Justo
The artificial intelligence-powered proptech company Blox is set to acquire a controlling stake in Justo, a mandate brokerage firm with deep presence across Maharashtra, at an enterprise value of ₹350 crore. The...
Centrum Capital explores sale of its stake in housing finance business
Centrum Capital, the financial services business led by Jaspal Bindra, is exploring a possible sale of its stake in its mortgage financing business – Centrum Housing Finance, two people aware of the development...
SBB sells 1.16% of education unit, receives $700 million as part of loan repayment
Swedish property group SBB divested 1.16% of its education subsidiary EduCo to Brookfield Super-Core Infrastructure Partners for around 242 million Swedish crowns ($21.73 million) as it looks to bolster its finances...
Carlisle rebuffs Kingspan Group’s proposal for tie-up, Bloomberg reports
Construction materials manufacturer Carlisle Companies has rebuffed Ireland-based Kingspan Group’s informal approach to combine the companies, Bloomberg News reported. Kingspan had proposed a deal in recent...
