The IL&FS group and US-based Lone Star are expecting to jointly invest about $125 million in distressed infrastructure projects in thermal power and the road sectors by the end of the current financial year. They...
IVRCL to sell 2 road assets for Rs 725 cr
Hyderabad-headquartered ailing infrastructure firm IVRCLBSE 9.11 % has agreed to sell two of its road assets in favour of Singapore-based Cube Highways and Infrastructure for around Rs 725 crore. The infrastructure firm...
REC raises $400 million via dollar bonds in London
State-run Rural Electrification Corp on Wednesday said it has raised $400 million through Dollar Bonds in London on December 11. “The REC concluded a $400 million Reg S bonds deal in London on December 11...
Cube Highways sells minority stake to ADIA unit
Cube Highways and Infrastructure Pte. Ltd, a road platform formed by I Squared Capital and World Bank’s International Finance Corp. (IFC), on Monday said that it has signed definitive agreements for a minority stake...
Abu Dhabi Investment Authority’s unit to invest $1 billion in India’s infra fund
India’s National Investment and Infrastructure Fund (NIIF) on Monday said it signed a $1 billion investment deal with a unit of Abu Dhabi Investment Authority (ADIA) – one of the largest sovereign wealth funds in...
LIC sells 2.27% stake in Reliance Infrastructure
Life Insurance Corporation of India (LIC), the country’s biggest institutional investor, on Thursday sold a 2.27% stake in Reliance Infrastructure Ltd for about Rs263 crore, the company said in a stock exchange filing...
Jaiprakash Associates gets shareholders’ nod to raise up to Rs2,000 crore
Jaypee group’s flagship company Jaiprakash Associates on Monday said its shareholders have approved the proposal to raise up to Rs2,000 crore through sale of securities. The special resolution was approved by the...
Brookfield in talks to buy Madhucon’s road projects
Canadian asset manager Brookfield Asset Management Inc. is in talks with infrastructure company Madhucon Projects Ltd to acquire toll roads worth up to Rs2,000 crore (approximately $300 million), said two people aware...
IFC to invest Rs 320 cr in Mahindra Lifespace industrial parks
The International Finance Corporation (IFC) will invest about Rs 320 crore in realty firm Mahindra Lifespace Developers’ industrial park projects across Gujarat, Rajasthan and Maharashtra. Mahindra...
Insolvency case: SC tells Jaypee Infratech to deposit Rs 2,000 cr by Oct 27
The Supreme Court on Monday directed the embattled real estate firm Jaypee associates to deposit Rs 2,000 crore by October 27 with its registry and asked the NCLT-appointed interim resolution professional (IRP) to take...
Punj-Varaha joint venture bags NHAI Myanmar deal
The National Highways Authority of India has awarded a 1,200-crore highway contract for Myanmar, its first outside India. The contract, won by a joint venture of Punj Llyod and Varaha Infra Ltd, entails construction of...
Dilip Buildcon’s asset sale allays rising debt concerns
Just when mounting debt concerns were seeping into the minds of contented investors, Dilip Buildcon Ltd struck a landmark deal with Shrem Infraventure Pvt. Ltd. By selling 24 road projects (14 completed, four under...
