Italian motorway infrastructure companies ASTM and SIAS said on Thursday they had agreed to merge in an effort to streamline operations and make them more competitive. ASTM, which currently holds 63.4% of SIAS, is 58.8%...
Edelweiss unit to buy two road assets from Navayuga for $150 million
An alternative investment fund set up by the Edelweiss group is acquiring two annuity road assets from Hyderabad-based Navayuga Group for approximately $150 million, two people aware of the development said. The...
L&T acquires 1,29,065 shares of Mindtree from open market
Infrastructure major Larsen and Toubro (L&T) has acquired 1,29,065 shares of Mindtree from the open market, taking its overall holding in the mid-sized IT company to 26.65%, according to a regulatory filing. The...
At Delhi HC, GVK claims to have money to acquire Bidvest’s stake in MIAL
The GVK-Bidvest case took a new turn on Thursday as GVK Airport Holdings came forward with a sealed envelope citing avenues through which it has raised for the₹1,250 crores needed to acquire the overseas...
Essel Group to sell 3 road assets to CDPQ
Essel Infraprojects Ltd has agreed to sell three of its road projects to Caisse de dépôt et placement du Québec (CDPQ), Canada’s second-largest fund manager, said two people aware of the development, as the Subhash...
Eiffage in exclusive talks to buy a 49.99 percent stake in Toulouse airport
French construction group Eiffage on Tuesday said it had started exclusive talks with Casil Europe, a Chinese investment vehicle, to acquire a 49.99 stake in Toulouse-Blagnac airport in the south of France. Eiffage said...
Macquarie eyes exit from roads platform Ashoka Concessions
Macquarie Infrastructure and Real Assets (Mira), one of the biggest foreign infrastructure investors with interests in India, aims to exit its seven-year-old investment in roads platform Ashoka Concessions Ltd, said two...
L&T buys shares of Mindtree worth Rs 144 crore through open market
Construction major L&T on Tuesday bought shares worth about Rs 143.70 crore of Mindtree through open market transactions. According to the bulk deal data available with the NSE, the firm bought over 1.46 million...
BRNL to sell 39% stake in toll road to Cube
Cube Highways and Infrastructure, the Singapore-based investment firm which is determinedly building a formidable roads platform, has now agreed to purchase 39% stake in the toll road Ghaziabad Aligarh Expressway...
L&T buys Mindtree shares worth Rs 113 cr via open market in takeover bid
Infrastructure major Larsen & Toubro Monday bought shares worth about Rs 113 crore of Mindtree through open market transactions. According to the bulk deal data available with the NSE, L&T bought over 11.52 lakh...
L&T buys V G Siddhartha, Coffee Day stake in Mindtree for Rs 3,210 cr
Infrastructure major Larsen & Toubro has purchased around 20 per cent stake of V G Siddhartha and Coffee Day in Mindtree through block deal for about Rs 3,210 crore. According to data available at the...
NBCC wants lenders to consider its bid to acquire bankrupt Jaypee Infratech on merit
As its bid to acquire Jaypee Infratech got rejected by lenders, state-owned NBCC has written to the interim resolution professional (IRP) that the company is interested in taking over Jaypee group firm and its offer...
