Bharat Road Network Ltd, a road and highways company, on Wednesday said that it will launch its initial public offering on 6 September. The IPO will see SREI Infrastructure Finance Ltd-promoted Bharat Road Network sell...
IL&FS plans bond issue to refinance Rs6,000 crore debt
Infrastructure Leasing and Financial Services Ltd (IL&FS) plans to hit the domestic bond market to refinance almost Rs6,000 crore (about $940 million) of debt, said a senior executive. The debt was taken to finance...
Oriental Structural Engineers plans InvIT to raise Rs2,500 crore
Oriental Structural Engineers Pvt. Ltd, a Delhi-based infrastructure firm, is planning to raise as much as Rs2,500 crore through an infrastructure investment trust (InvIT), said two people aware of the development...
NCLT mulls taking insolvency petition against Era Infra to larger bench
The National Company Law Tribunal (NCLT) has recommended the insolvency petition against Era Infrastructure to the president of the NCLT so that a call can be taken regarding the transfer of the case to a larger bench...
DLF’s 40 per cent stake sale in rental arm to GIC enters final lap
The deal between the country’s largest realty developer DLF and Singapore’s sovereign wealth fund GIC for a 40 per cent stake in DLF Cyber City Developers (DCCDL) has entered the final stages. DLF told...
Brookfield Asset Management in talks with KMC Constructions for $400-$500 mn road asset buyout
Two years after sealing one of the largest asset sales in the Indian infrastructure space with the billion dollar buyout of nine projects from Gammon IndiaBSE -3.18 %, Canadian alternative asset manager Brookfield Asset...
Welspun Enterprises to buy 49% stake in 2 NHAI road projects from MBL Group
Infrastructure firm Welspun Enterprises Ltd (WEL) today announced acquisition of 49 per cent stake in two road projects of NHAI from MBL Group for Rs 23 crore. The company also said that its board has approved the...
Insolvency case: Jaypee Infra must respond to petition by Aug 4, says NCLT
The National Company Law Tribunal (NCLT) on Thursday gave Jaypee Infratech time till August 4 to respond to a petition of insolvency filed by IDBI Bank after the company said it did not receive a notice from the...
Abu Dhabi Investment Authority may pick up to 49% in GMR’s Hyderabad Airport
GMR Infrastructure is in advanced talks with sovereign wealth fund Abu Dhabi Investment Authority (ADIA) to sell a stake of up to 49% stake in Hyderabad International Airport, multiple sources told ET. The Bengaluru...
China’s HNA buys Odebrecht stake in Rio Airport for $19 million
The transport unit of Odebrecht SA, the Brazilian conglomerate at the heart of a global graft scandal, has concluded the sale of a stake in Rio de Janeiro international airport to China’s HNA Infrastructure Co Ltd...
GVK completes residual stake sale in Bangalore Airport to Fairfax India
GVK Power and Infrastructure Limited on Thursday announced the completion of the sale of its residual stake of 10 per cent in Bangalore International Airport Limited (BIAL) to Fairfax India Holdings Corporation for a...
Zandu Realty soars 20%, Emami Infra up 5% on merger nod
Shares of Emami Group Companies – Zandu Realty (up 20% at Rs 1,491) and Emami Infrastructure (up 5% at Rs 155) – are locked in their respective upper limit of circuit filter after their boards approved...
