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...
IL&FS to sell Chinese road asset for Rs 2074 crore
Troubled infrastructure financier Infrastructure Leasing and Financial Services will sell its Chinese road asset for nearly Rs 2074 crore to PingAn Insurance (Group) Company of China, two people familiar with the...
Phoenix Tower nears deal to buy telecoms business of Italy’s EI Towers – source
Phoenix Tower International is close to clinching a deal to buy the telecoms mast unit of Italy’s EI Towers for some 500 million euros ($606 million) by the end of the year, a source with knowledge of the matter said on...
NZ’s Infratil rejects AustralianSuper’s $3.78 billion deal, shares soar
Infratil Ltd on Tuesday rejected a NZ$5.37 billion ($3.78 billion) takeover offer from AustralianSuper, terming the bid as too low and triggering an over 20% jump in shares of the New Zealand-based energy and transport...
IL&FS receives approval to sell Chenani Nashri Tunnel to Cube highways for Rs 3900 crore
Infrastructure Leasing and Financial Services (IL&FS) group has received Justice DK Jain’s approval to sell the Chenani Nashri Tunnelway Limited (CNTL) to Cube Highways for a total consideration of Rs 3900 crore...
Italy’s F2i could become key investor in consortium bidding for Atlantia’s unit: sources
Italian infrastructure fund F2i is in talks with state-backed lender CDP to become a key investor in a consortium working on a bid for the motorway assets of infrastructure group Atlantia, two sources close to the...