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...
Reliance Infrastructure raises ₹550.56 cr via preferential allotment of securities
Reliance Infrastructure has raised ₹550.56 crore through issuance of securities on preferential basis, the company said in a regulatory filing on Monday. In this issue, the Anil Ambani-led company allotted 8.88 crore...
KKR drives into transportation, acquires GIP’s highway portfolio
Global investment firm KKR on Monday said it will acquire Global Infrastructure Partners’ (GIP’s) entire interest in Highway Concessions One (HC1) and seven highway assets with a total length of 487 kms. HC1 is a...
NIIF may buy part of Ashoka’s road assets
India’s quasi-sovereign wealth fund, the National Investment and Infrastructure Fund (NIIF), has emerged as the buyer of the hybrid annuity road assets of Ashoka Concessions Ltd for an equity value of around $100...
France’s Vinci agrees to buy ACS’s energy business for $5.8 billion
French infrastructure group Vinci said on Thursday it has agreed to buy the energy business of Spain’s ACS for about 4.9 billion euros ($5.75 billion) in cash, slightly lower than its offer price in October. Vinci had...
