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...
CPPIB, Allianz-led InvIT in talks to acquire Sadbhav Infra’s 12 road assets
Canada’s largest pension fund manager Canada Pension Plan Investment Board (CPPIB) is in advanced talks to acquire 12 operating road assets of Sadbhav Infrastructure Project Ltd (SIPL), in a deal worth $400-500 million...
GMR Hyderabad International Airport divests stake in flight training arm
GMR InfrastructureNSE 0.60 % Monday said its subsidiary GMR Hyderabad International Airport Ltd (GHIAL) has fully divested its stake in its flight training arm to a third party for a token consideration. The company did...
Jaypee Infra lenders evaluate bids submitted by NBCC, Suraksha group; to negotiate further
Lenders of debt-ridden Jaypee Infratech will negotiate with state-owned NBCC and Mumbai-based Suraksha group, which have submitted bids to takeover the real estate company and complete stalled projects comprising over...
Adani, GMR bid for 6 non-metro airports listed for privatization
India’s Adani Group and GMR Infrastructure Ltd have bid for all the half-a-dozen non-metro airports put up for privatization by the Union government, said two people aware of the development on condition of anonymity...
NBCC, Suraksha bid to acquire Jaypee Infratech, finish stalled projects
State-owned NBCC and Mumbai-based Suraksha group have submitted bids to take over bankruptcy-bound Jaypee Infratech and complete stalled housing projects in Noida, sources said. The value of the bids could not be...
Kotak Investment Advisors not keen to pick equity in Jaypee Infratech
Kotak Investment Advisors, one of the bidders for Jaypee Infratech, is now reluctant to invest in equity. The firm, which provides investment management and advisory services, has told the committee of creditors it is...
Jaypee Infratech lenders extend deadline till February 15 for resolution plans
Financial creditors and home buyers of Jaypee Infratech have extended the deadline till February 15 for shortlisted bidders to submit proposals to revive the debt-ridden realty firm, according to a regulatory filing...
