IndiGrid, a listed infrastructure investment trust (InvIT) for power transmission lines, on Friday, said it has executed share purchase agreement for the buyout of power transmission line operator Jhajjar KT Transco Pvt...
European EPC major A&M Group enters India in JV with Oberoi Group
Leading European infra player A&M Development Group has inked a joint venture with the Delhi-based engineering and construction player Oberoi Group to enter the country. The joint venture Oberoi-A&M Infra...
Deal to sell 49% in GMR Airports on track, says GMR Group
The GMR group today said that funding plan in its subsidiary – GMR Airports Ltd (GAL) – is on track despite the uncertain economic conditions, as its French partner has raised money through bonds to honour the payment...
IndInfravit completes acquisition of Sadbhav’s road assets for ₹6,300 crore
IndInfravit Trust, an infrastructure investment trust (InvIT) sponsored by the L&T Group, on Thursday, said it has completed the acquisition of nine operational road assets from Sadbhav Infrastructure Project Ltd...
Mexico’s Slim gets $2 billion offer for IDEAL stake from Canada funds
Mexican infrastructure group IDEAL said on Tuesday the Canada Pension Plan Investment Board and an affiliate of Ontario Teachers’ Pension Plan have offered to acquire 40% of the company’s shares for $50.4 billion pesos...
CCI approves acquisition of equity stake in Teesta Urja by Greenko Mauritius
Greenko Mauritius is a wholly-owned subsidiary of Mauritius-based Greenko Energy Holdings. Teesta Urja is a special purpose vehicle incorporated for implementation of a 1,200 MW hydro power project in North Sikkim. The...
GMR receives ₹5,248 crore from Groupe ADP
GMR Infrastructure on Wednesday said it has received ₹5,248 crore from Groupe ADP as part of a deal wherein the French major is buying 49 per cent stake in the domestic group’s airport business. On February 21, it...
CCI okays GMR’s 49% stake sale in airport business to France’s Groupe ADP
Competition Commission of India has given approval for GMR group’s proposed 49 per cent stake sale in its airport business to France’s Groupe ADP. The regulator’s clearance is through the green...
Adani in talks with Simplex promoters for equity stake
The Adani Group is in talks with promoters of Simplex Infrastructures to take equity exposure in the latter through a fresh share sale. A couple of private equity investors have also expressed interest in Simplex Infra...
Max Estates forms JV with New York Life for Noida realty project
Max Estates, the wholly owned subsidiary of Max Ventures and Industries, has formed a 51:49 joint venture with New York Life Insurance, the largest mutual life Insurance company in the United States, to develop a...
Goldman Sachs invests in realtor Vatika Group
US banking giant Goldman Sachs has invested Rs 610 crore in Gurgaon-based realty developer Vatika Group in a part equity part debt deal, according to Vatika Group’s managing director, Gaurav Bhalla. Of this, Rs...
Cube Highways plans to raise $500 million to refinance debt
Cube Highways and Infrastructure, the biggest buyer of road assets in India, is looking to tap the dollar bond market to raise around ₹3,500 crore ($500 million), said two people aware of the development, requesting...
