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...
Jaypee Infratech: NCLAT tells lenders, allottees to appear on July 17
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...
