MUMBAI|NEW DELHI: Blackstone Group, the world’s biggest alternative asset manager, and Canadian investor Brookfield have joined the race to acquire as much as 40% in Bharti Infratel, intensifying the contest to own a...
Essel group buys out two highway projects of Patel Engineering, KNR
Patel Engineering Limited and KNR Constructions Limited on Saturday signed a share purchase agreement to sell their entire equity stake in two road buy, operate and transfer (BOT) assets to an Essel group company. Both...
Czech energy firm EPH agrees sale of EP Infrastructure stake to Macquarie
Czech energy group EPH agreed to sell a 30 percent stake in its EP Infrastructure (EPIF) unit to an investor group led by Macquarie Infrastructure and Real Assets, EPH said on Monday. EPH scrapped plans for an initial...
RCom signs term sheet with Brookfield to sell 51% stake in tower unit for Rs 11,000 cr
NEW DELHI: Reliance Communications (RCom) has signed a non-binding pact with Canada’s Brookfield Infrastructure Group to sell a majority stake in the Anil Ambani company’s tower . 11,000 crore, which will...
Swiss infrastructure major ABB looking at India for M&A: Global CEO
ZURICH: Even as the Narendra Modi government pushes for the infrastructure sector in India, Swiss infrastructure major, ABB, is looking at mergers and acquisitions to tap the growth in the company. “All of our...
Essel Highways in talks to raise Rs400 crore from Aion Capital Partners
Mumbai: Essel Highways Ltd, a unit of Essel Infraprojects Ltd, is in talks to raise Rs400 crore from special situations fund Aion Capital Partners, two people aware of the development said. On 26 May, the Essel Highways...
GTL Infrastructure promoters want lenders to convert debt to take majority stake
MUMBAI: In what could be an industry first, promoters of telecom tower company GTL InfrastructureBSE 14.06 % have recommended that its lenders convert debt to take majority shares to reduce the complexity of its...
ITNL to sell Andhra Pradesh road asset to Cube Highways for Rs140 crore
Mumbai: Road developer IL&FS Transportation Networks Ltd (ITNL) on Thursday said it has agreed to sell a road project in Andhra Pradesh to Cube Highways and Infrastructure Pte. Ltd, a joint venture between I Squared...
Blackstone sells 3.25% stake in NCC
NEW DELHI: Infrastructure firm NCC Ltd today said Blackstone GPV Capital Partners (Mauritius) has offloaded 3.25 percent stake in the company through open market sales. Blackstone GPV Capital Partners (Mauritius) V-A...
Brookfield close to buying remaining Gammon Infrastructure assets
Mumbai: Canadian asset manager Brookfield is closing the purchase of three remaining assets from Gammon Infrastructure Projects Ltd, with which it had entered into a transaction to buy a total of nine assets in August...
Macquarie Infrastructure, Tata Housing to partner for Rs2,000 crore projects
Bengaluru: Macquarie Infrastructure and Real Assets (MIRA), an arm of Australia’s Macquarie Group Ltd, and realty firm Tata Housing Development Co. Ltd are close to setting up a joint investment platform to invest...
Reliance Infra in talks to sell road assets portfolio
The group has been selling its assets across companies in an attempt to cut debt even as it expands its focus on the manufacture of defence equipment. Reliance Infrastructure Ltd, part of Anil Ambani’s Reliance Group...
