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...
Mahindra Holidays keen to acquire stressed assets across country, including Kashmir
Mahindra Holidays is looking at acquiring stressed assets in the hospitality sector across different parts of the country, including Kashmir. Kavinder Singh, MD & CEO of Mahindra Holidays and Resorts India Ltd, told...
Two CapitaLand REITs to merge in $6 billion deal
CapitaLand said on Wednesday it had proposed the merger of CapitaLand Mall Trust and CapitaLand Commercial Trust in a cash-and-stock deal valued at S$8.2 billion ($6.1 billion), adding to sector consolidation...
Essel arm close to sale of 2 road assets to NIIF-Roadis
The National Investment and Infrastructure Fund (NIIF) and its joint venture partner Roadis are close to buying two road projects from Essel Infraprojects, wholly owned by Subhash Chandra’s debt-laden Essel group, in a...
GMR subsidiary forms JV with ESR to develop industrial park in Hyderabad
GMR Hyderabad Aerotropolis Limited (GHAL), a subsidiary of GMR Hyderabad International Airport Limited (GHIAL) has formed a joint venture with ESR Hyderabad 1 Pte Limited (ESR), a subsidiary under the Hong Kong...
GMR raises debt from Tata-GIC even as planned sale of airport biz pending
GMR Infra has raised Rs 2,000 crore debt through non-convertible debentures from Tata Sons and Singaporean wealth fund GIC to retire earlier loans. “We can confirm that GMR has raised Rs 2,000 crore through NCDs. This...
