Adani Infra has sought the Competition Commission of India’s (CCI) clearance to pick up a stake in PSP Projects, further bolstering its construction capabilities, showed the company’s filing with the...
Construction
NDR InvIT acquires warehousing and industrial properties worth Rs 706 crore
NDR InvIT Trust, a prominent player in the infrastructure investment sector, has successfully acquired a Grade-A industrial and warehousing portfolio across markets like Surat, Hyderabad, Bengaluru, and Pune. This...
Dubai’s Emaar confirms stake sale talks with Adani Group for Indian ops
Emaar Properties, the leading real estate developer in Dubai, announced on Thursday that it is in talks with multiple Indian companies, including the Adani Group, about a potential stake sale in its Indian subsidiary...
Adani Realty in talks to takeover Emaar India to boost realty biz
Adani Group is in advanced talks with Dubai-based developer Emaar Group to acquire a majority stake in its Indian business for ₹4,000-5,000 crore, two people aware of the matter said. “It (the deal) will be for 70...
NCLAT gives go-ahead for Indiabulls Real Estate-Embassy Group merger
In a major relief to Indiabulls Real Estate (IBREL) and Embassy Group, the appellate tribunal NCLAT has sanctioned the scheme of amalgamation to merge both the real estate firms after setting aside the NCLT order...
Equinox India hits the roof on NCLAT merger approval with Embassy Group
Equinox India Developments hit an upper limit of 20% at Rs 143.70 after the National Company Law Appellate Tribunal (NCLAT) approved the merger with Embassy Group. This long-awaited merger, which has been under...
NCLT approves Raymond’s plan to demerge real estate business
The National Company Law Tribunal (NCLT) has approved the demerger scheme of Raymond Ltd, paving the way for the reorganisation of its real estate business into a separate entity, Raymond Realty. The move is aimed at...
Ferrovial closes sale of 19.75% stake in Heathrow Airport for 2 bln euros
Spanish construction giant Ferrovial said on Thursday it closed the sale of a 19.75% stake in Heathrow Airport Holdings for 2 billion euros ($2.10 billion) to French investment firm Ardian and Saudi Arabia’s...
NCLT grants approval to Mahindra Homes’ share capital reduction plan
The National Company Law Tribunal (NCLT) has approved a capital reduction proposal of Mahindra Homes, a subsidiary of Mahindra Group’s real estate and infrastructure development company Mahindra Lifespace Developers...
Digital realty platform Blox acquires 11% in advisory firm Guardians for $12 million
Digital real estate platform Blox has acquired an 11% stake in advisory firm the Guardians for $12 million or over Rs 101 crore, with plans to increase its ownership to 50% over the next three years. This acquisition...
HDFC Bank to divest HDFC House, other realty assets
In a major strategic move, HDFC Bank has decided to divest several key commercial properties inherited during its 2023 merger with its mortgage-lender parent, HDFC, said persons with direct knowledge of the development...
Bhutani Group acquires Logix City Center in Noida
Noida’s Bhutani Group has acquired Logix City Center, an 1.2 million sq ft of retail, office and hospitality asset for close to Rs 1,000 crore, two people aware of the development said. The company had earlier acquired...
