In a boost to India’s infrastructure development programme, the Asian Development Bank (ADB) on Thursday committed to investing $10 billion in the country over the next five years. The investment, part of ADB’s new...
Abu Dhabi Investment Authority in talks to pick up significant minority stake in Cube Highways
Abu Dhabi’s sovereign wealth fund is in talks to invest $200 million, or about Rs 1,290 crore, in toll roads platform Cube Highways and Infrastructure Pte Ltd for a significant minority stake, three people aware of the...
MEP Infra in talks with Korean, Chinese, Japanese firms for road project tie-ups
Road toll management company MEP Infrastructure Developers Ltd is in talks with South Korean, Chinese and Japanese infrastructure companies to form joint ventures to bid for road projects under the hybrid annuity model...
Adani Ports in talks to buy majority stake in Gujarat Pipavav Port
Billionaire Gautam Adani’s Adani Ports and Special Economic Zone Ltd (APSEZ) is looking to acquire a controlling stake in Gujarat Pipavav Port Ltd (GPPL), according to three people close to the development. The company...
Railways to raise Rs35,000 crore with World Bank’s help for investments
Railways will look for innovative ways, including assistance from the World Bank, for financing its future projects. “We have to look into how to finance the future of the Railways. We have already raised some but we...
GVK sells residual 10% stake in Bengaluru airport to Fairfax India
GVK has sold its residual 10 per cent stake in Bengaluru Airport to Fairfax India for Rs 1,290 crore. The transaction is expected to be completed by early next month. The company plans to use the proceeds of this sale...
GTL Infrastructure stake sale likely to value firm at Rs11,000 crore
A stake sale in GTL Infrastructure Ltd could see the telecom infrastructure firm valued at more than Rs11,000 crore, two people aware of the development said. The company is likely to be valued at about 11 times its...
IRB Infrastructure InvIT raises Rs2,094.5 crore from anchor investors ahead of IPO
IRB Infrastructure Developers’ infrastructure investment trust (InvIT) on Tuesday allotted units worth Rs2,094.5 crore to anchor investors ahead of its initial public offering (IPO) which opens on Wednesday. The anchor...
GR Infraprojects sells two road assets to IDFC Alternatives
GR Infraprojects Ltd Thursday said it sold majority stakes in two of its build, operate and transfer (BOT) road assets to multi-asset manager IDFC Alternatives’ India Infrastructure Fund II for an undisclosed amount. In...
M&As in road sector pick up over easier exit norms: Icra
The country relaxed the exit policy for road projects under public-private partnership (PPP) model in May 2015. The move is showing results, with a higher amount of deals seen in the road sector in the last two years...
I Squared Capital seeks to raise up to $4 billion for second fund
Global infrastructure investor I Squared Capital has hit the market again to raise its second infrastructure fund, which could see the firm raise as much as $4 billion to invest in infrastructure assets globally and in...
JSW Group to invest Rs 7,000 cr more in ports in India and abroad by 2020
Industrialist Sajjan Jindal today said his JSW Group will invest Rs 7,000 crore more in the ports sector over next three years to create assets in the country as well as abroad. The company is also looking at diluting...
