The National Company Law Tribunal (NCLT) has ordered the commencement of a corporate insolvency resolution process of Ansal Properties and Infrastructure. The creditors of Ansal Properties have been asked to submit...
SP Group sells entire stake in Jammu highway project to NIIF for $290 mn
The Shapoorji Pallonji Group announced the divestment of its entire shareholding in SP Jammu Udhampur Highway Ltd to the National Investment and Infrastructure Fund (NIIF) for USD 290 million (about Rs 2,200 crore). The...
Cube Highways to raise $1 bn for InvIT
Roads platform Cube Highways is in the final stages of discussions with Canadian pension fund British Columbia Investment Management Corp. and Abu Dhabi-based sovereign wealth fund Mubadala to raise $1 billion for its...
Silver Point to buy AJR Infra’s Patna project for Rs 930 crore
US hedge fund Silver Point Capital will soon acquire AJR Infra Ltd.’s special purpose vehicle (SPV) Patna Highway Projects for Rs 930 crore, said two people aware of the development. The National Company Law Tribunal...
Reliance Infra submits resolution plan for Reliance Naval & Engineering
A company of Anil Ambani’s Reliance Group has submitted a resolution plan for another group firm, Reliance Naval & Engineering Ltd (RNEL), at a time when lenders have begun voting on two other proposals, two...
IL&FS sells its 35% stake in WCBTRL, resolves Rs 324 cr group debt
IL&FS Group said it has completed the sale of its 35 per cent stake in Warora Chandrapur Ballarpur Toll Road Limited (WCBTRL). Accordingly, the stake was sold to IL&FS’ majority joint venture...
Actis looks to buy Welspun’s road assets for up to ₹10,000 crore
Private equity investor Actis is in advanced talks to buy six road assets of Welspun Enterprises Ltd for an enterprise value of ₹8,000 crore- ₹10,000 crore, said two people aware of the development, requesting anonymity...
IL&FS in deal to transfer first road asset to InvIT for over ₹370 crore
The IL&FS Group has entered into a share purchase agreement with Axis Trustees Services Ltd for sale and transfer of its entire holding in Moradabad Bareilly Expressway Ltd for ₹373.59 crore. The sale marks the...
IRB Infrastructure shareholders approved ₹5,347 cr fundraise via share sale
IRB Infrastructure Developers informed the stock exchanges on Saturday that its shareholders have passed a resolution which will allow capital inflow of ₹5,347 crore into the company. IRB Infrastructure Developers...
IRB Infra looks to raise ₹5,347 crore from Ferrovial, GIC
Ferrovial will invest up to ₹3,180 cr for a 24.9% stake in IRB Infras, while GIC will invest up to ₹2,167 cr for a 16.9% stake IRB Infrastructure Developers Ltd on Tuesday said it would raise as much as ₹5,347 crore...
NHAI looks to raise ₹6,000 cr through InVIT route
The National Highways Authority of India (NHAI) is in advanced talks with investors, including Canada Pension Plan Investment Board (CPPIB) and Ontario Municipal Employees Retirement System (OMERS), to raise ₹5,000...
NCLT to hear plea on approval of Suraksha’s bid for Jaypee Infra on Oct 26
The National Company Law Tribunal (NCLT) on Tuesday directed to list the pleas related to the Suraksha group’s bid to acquire debt-ridden realty firm Jaypee Infratech on October 26 for hearing. The matter was...
