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...
GVK Power and Infrastructure gets shareholders’ nod to raise Rs 80 billion
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...
