Private equity firm TA Associates Thursday said it has led the acquisition of a significant minority stake in Vastu Housing Finance Corp, a pan-India diversified lending institution. TA Associates bought the stake along...
Crest Nicholson likely to agree merger with Bellway to create $5 bln UK homebuilder
British homebuilder Crest Nicholson said on Wednesday it may recommend to its shareholders a sweetened 720 million pound ($922.1 million) all-share takeover deal from bigger rival Bellway if the latter comes up with a...
Crest Nicholson won’t enter talks on merger proposal from Avant Homes
British homebuilder Crest Nicholson said on Friday it had received a merger proposal from Elliott-backed Avant Homes but added it wouldn’t enter talks while it is in an offer period following Bellway’s...
Bankruptcy court approves resolution plan for Era Infra Engineering
After a delay of nearly seven years, lenders of Era Infra Engineering, are likely to recover part of their dues, as the bankruptcy court has approved the company’s acquisition by lesser-known SA Infrastructure...
Jaypee creditors pick IBC over NARCL’s Rs 10,000 crore offer
Lenders to debt-laden Jaiprakash Associates Ltd, or Jaypee, will pursue the insolvency route against the company, putting plans to sell the company’s massive debt to government-backed National Asset Reconstruction...
GIC, Xander buy Allianz-Shapoorji Pallonji JV’s Hyderabad IT SEZ WaveRock for Rs 2,200 cr
In the single largest commercial property transaction this year, Singapore sovereign fund GIC and Xander Investment Management partnership has acquired a commercial property in Hyderabad from Allianz Group and Shapoorji...
NCLAT upholds Adani Goodhomes bid with 93% haircut for Radius Estate
Insolvency Appellate Tribunal NCLAT has upheld orders approving Adani Goodhomes’ resolution plan for realty firm Radius Estate with a 93 per cent haircut for creditors. A two-member bench comprising the NCLAT...
KITES Senior Care and Columbia Pacific Communites set to merge for one of India’s largest senior living firms
Senior living firm Columbia PacificCommunites is being merged with Ranjan Pai-backed Kites Senior Care. The merger of KITES Senior Living and Columbia Pacific India arm would create one of the largest senior living...
Shares of China Evergrande’s EV unit soar after liquidators’ stake sale deal
Shares of China Evergrande New Energy Vehicle Group more than doubled on Monday as trade resumed after the company said liquidators had agreed on behalf of key shareholders to sell a stake in the electric vehicle (EV)...
NCLAT upholds NCLT order on Jaypee Infra; asks Suraksha to pay additional Rs 1,300 crore
Insolvency appellate tribunal NCLAT on Friday upheld Suraksha Realty’s bid to acquire debt-ridden Jaypee Infratech but asked it to pay an additional Rs 1,334 crore as farmers’ compensation — a...
Nexus REIT in talks to buy Marina Mall in Chennai
Real estate investment trust (REIT) Nexus Select Trust is in talks to acquire The Marina Mall in Chennai which has nearly 600,000 square feet retail space, said people with direct knowledge of the development. The mall...
NCLT allows IL&FS Transportation Networks to offload shares in an expressway project
The National Company Law Tribunal (NCLT) has allowed IL&FS arm IL&FS Transportation Networks to offload its shares in Moradabad Bareilly Expressway to the Roadstar Infra Investment Trust (InvIT). The two-member...
