Seventeen states have agreed to form joint ventures with the Railways to fast-track infrastructure projects, the Lok Sabha was informed on Wednesday. Railways Minister Suresh Prabhu said by entering into a joint...
Cube Highways in talks with CDPQ to raise $200 million via stake sale
Singapore-based Cube Highways and Infrastructure Pte. Ltd is in stake-sale talks with Canadian pension fund Caisse de Dépôt et Placement du Québec (CDPQ) to raise around $200 million. Both have invested heavily in...
Essel Infraprojects to invest Rs 5,700 cr in Jhakhand
Essel Infraprojects Ltd (EIL) on Thursday said it has committed an investment of Rs 5,700 crore for development and enhancement of infrastructure in Jharkhand. The announcement was made at the Momentum Jharkhand...
GVK pips GMR to win Navi Mumbai airport bid
GVK-led Mumbai International Airport (MIAL) has won the bid for the Navi Mumbai international airport, edging out rival GMR Group. GVK, which runs the Mumbai and Bengaluru airports, offered 12.6 per cent in revenue...
RCom-Brookfield deal: Reliance Infratel minority investors want to give up their stake
A group of private equity (PE) and hedge funds representing minority shareholders of Reliance Infratel Ltd, the telecom tower arm of Anil Ambani’s Reliance Communications Ltd (RCom), have demanded that RCom buy their...
Abertis buys two Macquarie toll road assets for Rs1,000 crore
Spanish infrastructure firm Abertis Infraestructuras SA has agreed to buy two operational toll road assets in south India from Macquarie Group Ltd for about Rs1,000 crore, said two people familiar with the development...
Essel Infraprojects in talks to buy IVRCL unit
Essel Infraprojects Ltd is in advanced talks to buy a controlling stake in Hindustan Dorr-Oliver (HDO), a publicly traded unit of debt-laden infra developer IVRCL Ltd, two people with direct knowledge of the matter said...
HK’s CKI returns to Australia with $5.4 billion bid for Duet Group
Hong Kong’s Cheung Kong Infrastructure Holdings Ltd (1038.HK) made an A$7.3 billion ($5.4 billion) approach for Australian energy giant Duet Group (DUE.AX), the target said, a sign CKI has not been deterred by a...
IDFC Alternatives targets majority stake in GTL Infrastructure
IDFC Alternatives, the private equity arm of IDFC Ltd, is keen to acquire a controlling stake in GTL Infrastructure Ltd from the lenders of the debt-laden telecom tower operator, two people aware of the development said...
JSW infra plans to sell 10 per cent stake
MUMBAI: Sajjan Jindal-led JSW Infrastructure is looking to raise about Rs 1,000 crore by offloading 10 per cent of shares to private equity or strategic partners, its CEO Capt BVJK Sharma told ET, as it sets its sight...
GVK Airport in talks to raise $200 million to refinance loans
Mumbai: GVK Airport Developers Ltd, a unit of GVK Power and Infrastructure Ltd, is in talks to raise close to $200 million in structured debt to refinance a part of its borrowings, two people aware of the discussions...
GMR Enterprises in talks to raise around Rs300 crore
GMR Enterprises Pvt. Ltd, the holding company of Hyderabad-based infrastructure conglomerate GMR Group,is in talks to raise around Rs300 crore in structured debt to refinance some existing debt, two people aware of the...
