Realty major DLF Ltd on Tuesday announced that its promoters have concluded the sale of 33.34% stake in its rental arm to sovereign wealth fund GIC for nearly Rs9,000 crore. In late August, the promoters had sold the...
Realty
CPPIB, GIC eye Baring PE’s stake in RMZ Corp
Canada Pension Plan Investment Board (CPPIB) and Singapore’s GIC Pte Ltd are in separate negotiations with Baring Private Equity Partners India to acquire the latter’s stake in property developer RMZ Corp., two persons...
IIFL plans to raise cash from offshore investors
After launching a $500-million domestic real estate debt fund to invest in affordable housing projects last month, IIFL group is looking to raise a similar amount from offshore investors. “We’ve already started making...
TCG in talks to buy out Vornado Realty’s stake in India realty venture
The Chatterjee Group (TCG), promoted by non-resident investor Purnendu Chatterjee, is in talks to buy out Vornado Realty Trust, the strategic partner in its Indian real estate business, said two people aware of the...
Govt moves to take control of Unitech; NCLT supersedes board
The corporate affairs ministry has moved the National Company Law Tribunal (NCLT) seeking management control of debt-ridden real estate company Unitech on the grounds of alleged mismanagement and diversion of funds. If...
Edelweiss raises Rs 500 crore for its domestic real estate fund
Edelweiss Alternative Asset Advisors, part of the Edelweiss Group, on Monday said it had raised Rs 500 crore for its domestic real estate fund. The fund, called the Edelweiss Real Estate Opportunities Fund, aims to...
Century Real Estate seeks to raise Rs1,000 crore for office projects in Bengaluru
Century Real Estate Holdings Pvt. Ltd, a Bengaluru-based developer and one of the largest landholders in south India, is building a commercial office portfolio and plans to bring in an equity investor partner to raise...
RCom shares jump over 14% amid reports of real estate assets sale
Shares of Reliance Communications soared over 14 percent on Tuesday amid reports that lenders of the debt-ridden firm have approved the sale of its real estate assets in Delhi and Chennai to a Canada-based company. The...
Equity Commonwealth approaches Forest City about merging – sources
Equity Commonwealth (EQC.N), a U.S. real estate investment trust (REIT) focused on office space and chaired by property mogul Sam Zell, has approached Forest City Realty Trust Inc (FCEa.N) to discuss a possible merger...
Omkar Realtors raises Rs125 crore from KKR
Omkar Realtors & Developers Pvt. Ltd has raised Rs125 crore of debt from KKR India Asset Finance Pvt. Ltd, a local unit of the global private equity firm, said a senior company executive. The three-year facility has...
CCI clears GIC’s Rs 8,900-cr deal to acquire 33% stake in DLF’s rental arm
The Competition Commission of India (CCI) has approved Singapore’s sovereign wealth fund GIC’s plan to acquire 33 percent stake in DLF Cyber City Developers for Rs 8,900 crore. Under the deal, GIC’s...
Lennar buys CalAtlantic to become largest U.S. homebuilder
Lennar Corp will buy smaller rival CalAtlantic Group Inc for $5.7 billion, creating the largest homebuilder in the United States as it strives to deal with higher land acquisition costs and a tighter labor market. The...
