The real estate market has historically been the asset class that created the most wealth for investors but the need for specialised investment know-how and large capital investment has restricted the asset class –...
Welspun Enterprises acquires 50.10% stake in Michigan Engineers for Rs 137 crore
Welspun Enterprises Limited (WEL), the infrastructure development arm of Welspun World, has acquired a 50.10% stake in Michigan Engineers Private Limited (MEPL), an EPC company in the urban water infrastructure segment...
China Evergrande seeks Chapter 15 protection in Manhattan bankruptcy court
China Evergrande, which is the world’s most heavily indebted property developer and became the poster child for China’s property crisis, on Thursday filed for protection from creditors in a U.S. bankruptcy...
China’s real estate giant Evergrande files for bankruptcy protection in US, seeks restructuring deal
China’s real estate giant Evergrande Group has filed for bankruptcy protection in the United States on Thursday. The company has sought protection under Chapter 15 of the US bankruptcy code, a measure that protects non...
Today, NCLT will hear ICICI Bank’s insolvency petition against Supertech Township Project
The National Company Law Tribunal (NCLT) is scheduled to address ICICI Bank’s insolvency petition against Supertech Township Project Limited on August 16. This decision follows the deferral of the hearing that had...
IndoSpace to invest $1 billion to acquire new warehousing, logistics assets in India
Private equity major Everstone Group-backed industrial real estate and logistics parks developer IndoSpace is looking to deploy over $1 billion to acquire new warehousing and logistics assets across India over the next...
Global funds eye Blackstone’s 50% in Panchshil and Salarpuria assets
Sovereign wealth funds including Singapore’s GIC and Abu Dhabi Investment Authority (ADIA) along with two Canada-based pension funds are in talks to acquire Blackstone Group’s 50% stake in two separate...
K Raheja Corp plans to consolidate residential business, NCLT okays demerger
Realty developer K Raheja Corp is planning to consolidate its residential real estate portfolio to improve focus on housing and increase the scale of the business. The group also expects to attract strategic and...
KKR InvIT acquires Macquarie’s 4 road assets for ₹3,000 cr
Highways Infrastructure Trust, an infrastructure investment trust (InvIT) owned by KKR, has acquired four road assets from Macquarie India in a deal worth ₹3,000 crore. Earlier, Adani Road Transport had agreed to...
Brookfield, Alta Capital, Keppel in talks to buy Goldman’s Good Host Spaces stake
Global alternative investment major Goldman Sachs has shortlisted Brookfield Asset Management, Alta Capital, and Singapore’s Keppel Corp to sell its stake in India’s largest student housing platform Good Host Spaces...
NCLT admits insolvency plea against Neptune Ventures
The National Company Law Tribunal has admitted a petition filed by Edelweiss Asset Reconstruction Company to initiate a corporate insolvency resolution process (CIRP) against real estate company Neptune Ventures &...
NCLT adjourns claim pleas against Punj Lloyd
The National Company Law Tribunal (NCLT) adjourned the petitions filed by the Airports Authority of India and Gail India Limited against Punj Lloyd to August 23. Airports Authority of India said that the liquidator had...
