Edelweiss Alternatives, the alternative asset arm of the Edelweiss Group, has acquired MFAR Developers’ 1.1-million-sq-ft information technology park in Bengaluru for over Rs 1,500 crore. This is the largest and first...
hBits forays into Pune property market, acquires asset in CyberCity Magarpatta
Fractional ownership platform hBits is looking to raise over Rs 55 crores for a pre-leased commercial asset it has acquired in Pune marking its foray in the second largest city in Maharashtra. The property is leased to...
Embassy REIT to acquire Splendid TechZone asset in Chennai
Embassy Office Parks REIT has agreed to purchase Embassy Splendid TechZone, a Grade-A business park, from Embassy Sponsor, for an Enterprise Value of Rs 1,269 crore. The proposed acquisition marks Embassy REIT’s entry...
NCLT approves merger between Hinduja Group’s healthcare, real estate companies
The National Company Law Tribunal (NCLT) has approved the scheme of merger by absorption between Hinduja Group’s unlisted entities Hinduja Realty Ventures Ltd and Hinduja Healthcare Ltd. The order, delivered on...
NCLAT rejects homebuyers’ plea for insolvency against Ansal Hi-tech Township
The National Company Law Appellate Tribunal (NCLAT) on Monday set aside a plea seeking insolvency proceedings against Ansal Hi-tech Township Ltd filed by its homebuyers of a project in Greater Noida. The appellate...
Magicrete completes process of acquisition of majority stake in Maxlite
Magicrete, which produces building product AAC Blocks, construction chemicals, and precast construction solutions, on Wednesday said it has completed the acquisition of a majority stake in Maxlite. The company did not...
NCLT rejects promoter’s resolution plan in Wadhwa Buildcon insolvency matter
The National Company Law Tribunal (NCLT) has declared the resolution plan submitted by the promoters of Wadhwa Buildcon LLP as invalid citing the conduct of the Resolution Professional (RP) as a key factor given that...
NCLAT sets aside DB Realty insolvency process as co, lender settles matter
The National Company Law Appellate Tribunal (NCLAT) has set aside an insolvency resolution process against property developer DB Realty, renamed as Valor Estate, after the company and its lender Bank of India reached a...
L&G taps Rothschild to run potential sale of housebuilder Cala- source
British insurer Legal & General is lining up investment bank Rothschild to oversee a potential sale of its housebuilder arm Cala, a source familiar with the matter told Reuters, as new chief executive Antonio Simoes...
NCLT admits NCR Rail Infrastructure for insolvency resolution
The National Company Law Tribunal (NCLT) in Mumbai on Thursday admitted an insolvency resolution application against NCR Rail Infrastructure (previously Arshiya Rail Infrastructure) and appointed Bhuvan Madan as the...
Allcargo co to sell Haryana logistics park for Rs 636 cr
Transindia Real Estate (TREL), an Allcargo Group company, has signed a definitive agreement to sell its logistics park at Jhajjar in Haryana at an enterprise value of approximately ₹636.71 crore. The deal consummation...
NCLT orders insolvency proceedings against Sankalp Siddhi Developers
The National Company Law Tribunal (NCLT) has ordered initiation of corporate insolvency resolution process against real estate special purpose vehicle (SPV) Sankalp Siddhi Developers. The SPV was promoted by Ahuja Hive...
