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...
Adani Transmission raises funds to buy RInfra’s Mumbai power business
Adani Transmission has tied up funds for its acquisition of the Mumbai power business from Reliance Infrastructure (RInfra), people, with direct knowledge of the development, said. According to sources, Adani...
Brookfield, Macquarie, IRB among bidders for NHAI’s TOT project
India’s attempt to bridge its infrastructure investment gap through the marque toll-operate-transfer (TOT) highways model has gained traction with Brookfield, Macquarie Group, and a joint venture between Holland’s Road...
RITES may get into station development by acquiring 25% stake in IRSDC
Railways subsidiary RITES, which is set to be listed, is likely to diversify into station development by acquiring a 25 percent stake in Indian Railway Stations Development Corporation (IRSDC), which has a more than Rs...
RITES files papers with Sebi to raise Rs600 crore via IPO
State-owned RITES has filed draft papers with markets regulator Sebi to raise an estimated Rs600 crore through an initial share sale. Incorporated by the railways ministry, the company provides transport consultancy and...
IL&FS Transportation arm re-finances Rs883 crore debt via NCDs
IL&FS Transportation Networks Ltd on Friday said its joint venture firm, Jorabat Shillong Expressway Ltd, has re-financed debts amounting to Rs883 crore through issuance of non-convertible debentures (NCDs)...
