GVK Power and Infrastructure on Friday said that it has got shareholders’ approval to raise up to Rs 80 billion. The resolution to raise the funds, by a combination of various options listed on the agenda of the...
GVK seeks shareholders’ nod to raise ₹8,000 crore to retire debt
GVK Power and Infrastructure Limited Wednesday sought approval to raise up to ₹8,000 crore from shareholders and an appropriate resolution was moved in the annual general meeting (AGM) held here. The board of directors...
Lone Star, I Squared Capital to buy out IL&FS’ stressed assets
Infrastructure Leasing and Financial Services (IL&FS), the parent to a cluster of companies in various infrastructure verticals, hopes to raise $2 billion (or, Rs 10,000-12,000 crore) from the sale of its assets...
GMR to consider bidding for sofia airport
GMR InfrastructureNSE 1.57 % is evaluating options to bid for a €3.9-billion, or about Rs 32,370-crore, project to develop and manage Sofia airport, Bulgaria’s largest, two people familiar with the matter said. Bulgaria...
Mumbai airport stake sale said to attract Changi, 3 others
GVK Group is in talks with at least four companies to sell a significant minority stake in Mumbai International Airport Pvt. Ltd, two people directly aware of the discussions said. Four of the potential bidders, namely...
SC sends Jaypee Infratech insolvency case back to NCLT for fresh look
The Supreme Court on Thursday ordered that the insolvency case of Jaypee Infratech be returned to the National Company Law Tribunal (NCLT), and the entire process, including the bidding for the asset, be restarted. This...
Canadian building-interior maker DIRTT drops bid to sell itself
DIRTT Environmental Solutions Ltd confirmed on Wednesday it was no longer in deal talks after Reuters reported that the Canadian building-interior manufacturer had abandoned an effort to sell itself. Private equity...
Sadbhav Engineering looks to raise ₹1,500 crore through QIP this quarter
Sadbhav Engineering Ltd, a Gujarat-based infrastructure company, is looking to raise ₹1,500 crore through a qualified institutional placement (QIP) in the current quarter, said two people close to the development. It...
China’s CK Infrastructure bids $9.8 bln for Australian gas pipeline firm
Hong Kong’s CK Infrastructure Holdings (1038.HK) has made a A$12.98 billion ($9.8 billion) takeover offer for Australian gas pipeline company APA Group (APA.AX), offering a hefty 33 percent premium to tap into a hot gas...
IL&FS Transport raises €23.4 million from KfW IPEX-Bank
IL&FS Transportation Networks Ltd (ITNL), the infrastructure development arm of Infrastructure Leasing and Financial Services Ltd (IL&FS) Group, on Thursday said it has raised €23.4 million (₹186.11 crore) in...
Jaiprakash Associates to appeal against NCLT order
Crisis-ridden Jaiprakash Associates LtdNSE -10.89 % (JAL) has decided to appeal against the NCLT order that directed the company to return nearly 760 acre land to its subsidiary Jaypee InfratechNSE -2.50 %, while...
L&T unit plans to raise Rs3,200 crore via InvIT
L &T Infrastructure Development Projects Ltd, (L&T IDPL) a subsidiary of Larsen and Toubro Ltd (L&T), plans to raise about Rs3,200 crore this week through an infrastructure investment trust (InvIT), two...
