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...
3i Infrastructure to sell stake in Wireless Infrastructure Group
3i Infrastructure is selling its 93% stake in Wireless Infrastructure Group (WIG) to Brookfield Infrastructure, two weeks after divesting its British project portfolio. The deal values 3i Infrastructure’s stake in the...
Swiss firm Zurich Airport outbids Adani, DIAL to win Jewar airport project
Zurich Airport International, which operates eight airports across the world including one in Zurich, has won the bid to build Jewar airport. Set to become the largest airport of the country, it will be located some 80...
Bombay HC rejects Adani’s plea to deter Bidvest from selling stake in Mumbai airport operator
The Bombay high court (HC) on Wednesday declined to entertain a plea by Adani Properties, seeking to restrain South Africa’s Bidvest Group Ltd from selling its minority stake in Mumbai International Airport Ltd (MIAL)...
NIIF, Cube look to buy Ashoka Concessions
A road platform operated by the National Investment and Infrastructure Fund (NIIF) and I Squared Capital-owned Cube Highways have expressed interest in buying Ashoka Concessions Ltd, a company owned by developer Ashoka...
Temasek makes $3 billion bid for Singapore’s Keppel, sparks sector M&A talk
Temasek Holdings is offering to buy control of Singapore conglomerate Keppel Corp in a S$4.1 billion ($3 billion) deal that could spark consolidation in the domestic rig building sector that is battling the effects of...
Infrastructure focused Sadbhav to merge it’s listed EPC and BOT businesses
Infrastructure focused Sadbhav group is merging its two listed entities Sadbhav Engineering Ltd, the flagship EPC services business and its listed subsidiary Sadbhav Infrastructure Projects Ltd, which builds and owns...
Roadis in talks to buy out partner in Indian joint venture
Roadis, which builds and operates highways globally, is in talks to buy out partner Soma Enterprises in their equally owned joint venture in India, two people aware of the matter said. The JV, Soma Roadis, has four...
