With creditors rejecting NBCC’s bid to acquire Jaypee Infratech, the NCLAT on Tuesday directed representatives of banks, allottees and other stakeholders to appear before it on July 17 to consider how the bid...
CPPIB-backed IndInfravit to acquire Sadbhav’s nine road assets for ₹6,610 crore
IndInfravit Trust, an infrastructure investment trust (InvIT) sponsored by the L&T Group, on Monday said that it is acquiring nine operational road assets from Sadbhav Infrastructure Project Ltd for ₹6,610 crore...
NBCC ‘no more interested’ in Jaypee Infra acquisition
Although the distressed home buyers of Jaypee Infratech Limited (JIL) are urging the government to intervene in the resolution process of the bankrupt realty firm in support of NBCC’s bid, the public sector...
Singapore’s GIC eyes up to $1 billion investment in Indian road assets
Singapore’s sovereign wealth fund GIC aims to deploy up to $1 billion in India through an investment platform to acquire operating roads in an ambitious effort to expand its presence in the country’s infrastructure...
Essel Infra to sell solar assets to Adani Group for up to ₹2,000 crore
Essel Infraprojects Ltd, a part of the Subhash Chandra-led debt-laden Essel Group, has agreed to sell about 310 megawatts (MW) of solar energy assets to the Adani Group at a valuation of ₹1,800-2,000 crore, said two...
Italian motorway companies ASTM, SIAS agree to merge
Italian motorway infrastructure companies ASTM and SIAS said on Thursday they had agreed to merge in an effort to streamline operations and make them more competitive. ASTM, which currently holds 63.4% of SIAS, is 58.8%...
Edelweiss unit to buy two road assets from Navayuga for $150 million
An alternative investment fund set up by the Edelweiss group is acquiring two annuity road assets from Hyderabad-based Navayuga Group for approximately $150 million, two people aware of the development said. The...
L&T acquires 1,29,065 shares of Mindtree from open market
Infrastructure major Larsen and Toubro (L&T) has acquired 1,29,065 shares of Mindtree from the open market, taking its overall holding in the mid-sized IT company to 26.65%, according to a regulatory filing. The...
At Delhi HC, GVK claims to have money to acquire Bidvest’s stake in MIAL
The GVK-Bidvest case took a new turn on Thursday as GVK Airport Holdings came forward with a sealed envelope citing avenues through which it has raised for the₹1,250 crores needed to acquire the overseas...
Essel Group to sell 3 road assets to CDPQ
Essel Infraprojects Ltd has agreed to sell three of its road projects to Caisse de dépôt et placement du Québec (CDPQ), Canada’s second-largest fund manager, said two people aware of the development, as the Subhash...
Eiffage in exclusive talks to buy a 49.99 percent stake in Toulouse airport
French construction group Eiffage on Tuesday said it had started exclusive talks with Casil Europe, a Chinese investment vehicle, to acquire a 49.99 stake in Toulouse-Blagnac airport in the south of France. Eiffage said...
Macquarie eyes exit from roads platform Ashoka Concessions
Macquarie Infrastructure and Real Assets (Mira), one of the biggest foreign infrastructure investors with interests in India, aims to exit its seven-year-old investment in roads platform Ashoka Concessions Ltd, said two...
