Roads platform Cube Highways and Infrastructure Pte. Ltd and Canada’s Caisse de dépôt et placement du Québec (CDPQ) are in talks to buy three toll roads from debt-laden Essel Group, three people aware of the matter...
Merger of telcos to ease competition, shift focus to quality: Report
The merger of two telecom giants – Vodafone and Idea Cellular — imply that the Indian mobile market will soon be paired down to four major national mobile operators. There are now hopes this will ease the fierce round...
NCLT consults Centre, bankruptcy board to resolve Jaypee Infra deadlock
In the matter between IDBI Bank and Jaypee Infratech, the National Company Law Tribunal’s (NCLT) New Delhi Bench has sought views from the government and Insolvency and Bankruptcy Board of India (IBBI) on ways to...
Essel Group in talks to sell road assets to CDPQ, Cube Highways
Roads platform Cube Highways and Infrastructure Pte. Ltd and Canada’s Caisse de dépôt et placement du Québec (CDPQ) are in talks to buy three toll roads from debt-laden Essel Group, three people aware of the matter...
Jaypee Infra buyout race picks up with Adani, NBCC bids
As the May 6 deadline approaches to resolve the Jaypee Infratech Ltd (JIL) insolvency case, the battle to acquire the debt-laden company has become more intense with NBCC submitting a fresh bid on April 24 and the Adani...
NCLT consults Centre, bankruptcy board to resolve Jaypee Infra deadlock
In the matter between IDBI Bank and Jaypee Infratech, the National Company Law Tribunal’s (NCLT) New Delhi Bench has sought views from the government and Insolvency and Bankruptcy Board of India (IBBI) on ways to...
Adani keen on acquiring Jaypee Infratech assets, approaches RP, CoC
After failing to acquire debt-laden Jaypee Infratech earlier, Adani group has again evinced interest in taking over the cash-strapped real estate developer and has urged the committee of creditors (CoC) to allow it to...
NIIF, Roadis tie up for $2 billion road investment platform
Infrastructure investment company Roadis and the National Investment and Infrastructure Fund (NIIF) have announced the creation of a platform that will invest in road projects in India. The platform will invest up to $2...
GVK to buy ACSA’s stake in Mumbai airport company, raise stake to 74%
GVK Power and Infrastructure Limited (GVK PIL) on Friday informed the stock exchanges that its step-down subsidiary GVK Airport Holdings Limited has initiated the process to acquire 120 million shares...
RInfra to sell entire stake in Delhi-Agra Toll Roadway for Rs 3,600 crore
Reliance Infrastructure Ltd Thursday said it will sell its entire stake in Delhi-Agra Toll Roadway to Singapore-based Cube Highways for Rs 3,600 crore, following which the Anil Ambani led company’s debt will be...
NHPC may bid for road construction contracts
In what will add to the competition in the road-construction space, state run NHPC Ltd. is exploring to bid for road projects, said a top company executive. This development comes in the backdrop of a revival of the...
APG, Piramal look to raise second fund to invest in infra projects in India
Dutch pension fund manager APG Asset Management and the Ajay Piramal-led Piramal Enterprises are looking to raise a second fund to invest in infrastructure projects in India, said sources. The aim is to raise $500...
