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...
Jaypee Infratech bankruptcy: Lenders may extend deadline to submit revival plan
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...
