Sempra Energy said on Wednesday it would buy the remaining stake in a Mexican unit in a deal valued at $6.13 billion as it eyes new investments in renewables and energy storage amid growing global demand for cleaner...
IL&FS gets approval to sell road asset Jorabat Shillong Expressway
Infrastructure Leasing and Financial Services on Tuesday said it has received the approval of Justice (retd) D K Jain – who is overseeing the debt-laden group’s resolution process – for sale of Jorabat...
Union Cabinet approves ₹2,481 crore worth FDI into ATC Telecom Infra
The Cabinet Committee on Economic Affairs on Wednesday approved foreign direct investment (FDI) worth Rs2,480.92 crore in ATC Telecom Infrastructure Pvt. Ltd. by ATC Asia Pacific Pte. Ltd. Union minister Prakash...
Brazil’s Highline acquires Blackstone-backed Phoenix Tower do Brasil
Highline do Brasil, a portfolio company of U.S. private equity firm Digital Colony, has reached a deal to acquire telecom infrastructure firm Phoenix Tower do Brasil, it said on Tuesday, adding new 2,500 sites to its...
Dilip Buildcon JV lowest bidder for expressway stretch in Rajasthan
Highways builder Dilip Buildcon on Wednesday said its joint venture has emerged as the lowest bidder for a stretch of the Delhi-Vadodara expressway in Rajasthan. The company had bid Rs 1,000.08 crore for the project to...
Kerala HC upholds Adani airport deal
The Kerala high court on Monday allowed billionaire Gautam Adani to operate the airport in state capital Thiruvananthapuram, rejecting the state government’s contention that the privatization was not in the public...
Adani’s acquisition of Mumbai Airport from GVK gets CCI green signal
The Competition Commission has approved Adani Group’s proposed acquisition of controlling stake in Mumbai airport from GVK Airport Developers under the green channel route. The green channel route provides for...
GMR Infrastructure gains 4% on stake sale in Kakinada SEZ
Shares of GMR Infrastructure gained 4 per cent to Rs 22 on the BSE on Friday after the company said the GMR Group would divest its entire 51 per cent stake in Kakinada SEZ to reduce debt. “The company has signed...
Adani group to acquire controlling interest in Mumbai airport
Adani Airport Holdings Limited (AAHL), the holding company of Adani Group for its airport business and a subsidiary of Adani Enterprises Limited) has entered into an agreement to acquire the debt of GVK Airport...
GMR Infra unveils rejig plan, to demerge non-airport biz
GMR Infrastructure Ltd (GIL) has announced a strategic restructuring of its business verticals, including a spin-off and the listing of its airport business. The operator of the Delhi and Hyderabad airports said in a...
GVK scouts for cash to ward off hostile takeover
GVK Airport Holdings Ltd, the majority owner of Mumbai International Airport Ltd (MIAL), has approached lenders to urgently raise cash to ward off a potential takeover of the prized asset, two people directly aware of...
Adani in talks to buy GVK’s 50.5% stake in Mumbai airport
The Adani Group is in talks to acquire the GVK group’s stake in Mumbai International Airport Ltd (MIAL), PTI reported on Monday. The group controlled by billionaire Gautam Adani plans to acquire the 50.5 % stake held by...