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...
IL&FS receives bids for 10 roads
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...
