Lenders and home buyers of Jaypee Infratech may extend by around 15 days the January 27 deadline to submit proposals to revive the debt-ridden firm as shortlisted bidders have sought more time, sources said. State-owned...
Essel Infraprojects in talks to sell part of its roads portfolio
Essel Infraprojects Ltd is in talks with infrastructure developers and private equity (PE) companies to sell a part of its roads portfolio, three people close to the development said. The Subhash Chandra-controlled...
Edelweiss to raise ₹4,500 crore more for infrastructure fund
Edelweiss Alternative Asset Advisors Ltd has hit the fund-raising trail as it looks to raise ₹4,000-4,500 crore for its infrastructure fund Edelweiss Infrastructure Yield Plus Fund, said a senior executive of the...
London’s Gatwick airport sold for $3.7 bn to French construction firm Vinci
Vinci SA agreed to acquire control of Gatwick Airport for 2.9 billion pounds ($3.7 billion) as the French construction company jumped on the chance to add a major London hub to its aviation portfolio. The purchase of...
GVK group in talks to refinance up to ₹1,400 crore debt
The GVK group is in talks with JM Financial Ltd to refinance up to ₹1,400-crore of GVK Airport Holdings Pvt Ltd’s debt through a structured credit transaction, two people aware of the development said on condition of...
Govt moves NCLT to appoint more directors on IL&FS board
The government moved the Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday seeking to appoint Vijay Kumar and N. Srinivasan to the board of debt-laden Infrastructure Leasing and Financial Services...
Board starts sale process of IL&FS’ stakes in road assets
The newly-appointed IL&FS board has initiated the process of selling IL&FS group’s equity stakes in 22 road assets of around 12,000 km on Monday. The proposal includes selling seven operating annuity-based road...
IndiGrid launches roadshows to raise fresh capital up to ₹3,000 crore
India Grid Trust (IndiGrid), an infrastructure investment trust (InvIT) sponsored by Sterlite Power Grid Ventures Ltd, has started roadshows to raise ₹2,500-3,000 crore in fresh capital, said three people aware of the...
NHAI may not get many bids for toll roads
A liquidity crunch and concerns over asset quality is expected to weigh on the second attempt by the National Highways Authority of India (NHAI) to privatize operations on toll roads. Industry experts said response to...
Chairman of HK’s Hopewell offers to take firm private for $2.7 billion, stock soars
Hopewell Holdings Ltd (0054.HK) said a consortium led by its chairman offered to take the Hong Kong-based property and infrastructure group private for HK$21.26 billion ($2.7 billion), sending its stock surging as much...
NCLAT asks lenders of Jaypee Infratech to summarize their financial claims
The National Company Law Appellate Tribunal (NCLAT) on Thursday asked all the financial creditors and the resolution professional (RP) for Jaypee Infratech to submit a summarized document on their financial claims by 20...
Lenders to take call on selective L&T IDPL bid on November 27
Lenders to Jaypee Infratech (JIL) will, on November 27, decide whether L&T Infrastructure Development Projects’ (IDPL) selective proposal for the bankrupt firm can be considered. L&T IDPL is interested only in...
