Ahmedabad/New Delhi: Bengaluru-based GMR Infrastructure Ltd (GIL) said on Friday it has agreed to sell substantial stakes in two transmission projects to Adani Transmission Ltd (ATL), part of the Adani Group, for Rs.100...
ITC Shareholders approve Fortis acquisition of ITC Holdings
Itc Holdings Corp : * ITC Holdings Corp says at special meeting, shareholders approved acquisition of ITC by Fortis * Closing of acquisition of ITC is expected to occur in late 2016 Source text for Eikon: Further...
Future Market Networks surges on acquisition of Indore-based company
Future Market Networks has rallied 20% to Rs 27.30, bouncing back 24% from the intra-day low of Rs 22 on the BSE, after the company announced an acquisition of a company which owns a shopping mall cum entertainment...
GMR Infra not to sell controlling stake in Hyderabad Airport
GMR Infrastructure today denied selling controlling stake in Hyderabad Airport but added that it is exploring opportunities to raise funds. “We completely deny the sale of controlling stake in Hyderabad Airport...
Hardwoods says $107 mln acquisition of Rugby Architectural Building Products
Hardwoods Distribution Inc * Deal expected to be immediately accretive to both cash flow per share and earnings per share * Board approved amendment to dividend policy to increase annual dividend from c$0.22 per share...
Sanctuary Group and Housing & Care 21 announce merger plans
Housing and care providers Sanctuary Group and Housing & Care 21 are to merge to create a new operation within Sanctuary Group specialising in the provision of housing for older people. Sanctuary 21 will manage over...
Blackstone Group considering $3.38 billion mall deal in Brazil
Investment firm Blackstone Group LP hired advisers from JP Morgan Chase & Co. to consider acquiring a controlling stake in Brazilian shopping mall operator BR Malls Participacoes SA , a newspaper reported on Sunday...
Rel Infra buys 51% stake in Reliance Cementation
Anil Ambani-led Reliance Infrastructure today said it has acquired 51 per cent of Reliance Cementation from its group company Reliance Natural Resources (RNRL). "The company has acquired 51 per cent of Reliance...
Reliance Infra to handle ADAG’s cement business
Reliance Infrastructure Ltd will undertake the cement business for the Anil Ambani group. Earlier, the responsibility was with group company Reliance Natural Resources Ltd. “With a view to optimising internal...
Fairfax buys 33% stake in Bengaluru airport from GVK
The Prem Watsa-backed Fairfax has bought a 33 per cent stake in Bangalore International Airport Ltd for Rs 2,149 crore from GVK Power and Infrastructure, which is selling assets to pare debt. Canadian billionaire Watsa...
Orris Infrastructure raises Rs 100 crore from Xander Finance to clear debt
Gurgaon-based real estate firm Orris Infrastructure has raised Rs 100 crore from nonbanking finance firm Xander Finance in structured debt to return money to an existing investor and complete two ongoing projects, said...
Bigger Is Better for Singapore REITs Facing Consolidation
Singapore’s real estate investment trust market is set to consolidate as smaller vehicles merge to cope with rising regulatory costs, according to Cambridge Industrial Trust. “The wave of consolidation for Singapore...
