Infrastructure financier and asset owner Infrastructure Leasing and Financial Service (IL&FS) has received binding bids of Rs. 13,000 crore for its domestic road assets, the company said in a statement. The group...
Macquarie, Ashoka Buildcon seek buyers for $2 billion roads business
Infrastructure developer Ashoka Buildcon and Macquarie Infrastructure and Real Assets (MIRA), one of the biggest foreign infrastructure investors in India, are seeking buyers for their $2 billion roads portfolio, Ashoka...
I Squared Cap, NIIF among 14 bidders for IL&FS road assets
Global infrastructure investment fund I Squared Capital, the National Investment and Infrastructure Fund (NIIF), Singapore-based infrastructure investment platform Cube Highways and Edelweiss Financial Services have...
Dilip Buildcon board approves plan to divest stake in subsidiaries
Highway developer Dilip Buildcon on Monday said its board has approved the proposal to divest equity stake in wholly-owned subsidiaries. “The board…approved the proposal for divestment either partly or...
Deals in roads sector gather pace as foreign investors buy up assets
Investment, merger and acquisition (M&A) activity in the roads sector has picked up pace this year as foreign investors pump in millions of dollars to acquire operating roads and developers look to sell assets to...
Essel said in talks to sell toll roads to National Investment & Infrastructure Fund
Indian tycoon Subhash Chandra’s Essel Group is in advanced talks to sell some toll road projects to an arm of the country’s sovereign wealth fund for about $350 million, according to people familiar with the matter. The...
Tatas in talks with GIC to sell roads business
Tata Realty and Infrastructure (TRIL), a wholly-owned unit of Tata Sons, is set to exit the roads business by selling four of its projects, for which preliminary talks are on with Singaporean sovereign fund GIC Pte, two...
Mapletree to exit office project in Rs 2,500-cr deal
Singapore-based Mapletree Investments Private Ltd is exiting an office project in a deal estimated at Rs 2,500 crore — one of the largest commercial private equity exits in India and the largest in the city, people...
NHAI in talks with LIC to raise Rs 25,000 crore
The national highways building authority is in talks with Life Insurance Corporation of India (LIC) to raise around Rs. 25,000 crores through sale of bonds this financial year, as part of its long-term funding...
Atlantia says to look into possibility of taking Alitalia stake
Italian infrastructure group Atlantia (ATL.MI) said it would look into the possibility of buying a stake in ailing national airline Alitalia, but it looks unlikely that it will be ready by the government’s deadline of...
GMR Infra to sell stake in four road projects
GMR Infrastructure will sell stakes in four operational road projects, monetise some of its industrial land holdings by the end of this fiscal year and use the proceeds to pay off debt, executive director Saurabh Chawla...
Blackstone buys stake in L&T Business Park for around ₹700 crore
Blackstone Group LP has purchased an office building at Larsen and Toubro Ltd’s (L&T) Business Park in Mumbai for ₹650-700 crore, said three people familiar with the transaction, requesting anonymity. The New York...
