Dalmia Bharat’s acquisition of Jaiprakash Associates’ cement assets for ₹5,666 crore has hit a legal hurdle due to a shareholder dispute at one of the joint-venture plants that was to be acquired as part of...
JetBlue agrees to sell Spirit assets in Boston, Newark to Allegiant
JetBlue Airways Corp said it had agreed to sell all of Spirit Airlines assets at Boston and Newark Liberty airports to Allegiant, as it works to win approval for its tie-up with Spirit. JetBlue said it had agreed to...
Rare Asset Reconstruction Company to acquire Chennai-based Rainbow Papers’ debt
Banks led by Indian Overseas Bank (IOB) have given the go-ahead to transfer the Rs 873 crore debt of Chennai-based Rainbow Papers to Rare Asset Reconstruction Company (Rare ARC) for Rs 160 crore or an 18% recovery, more...
Mirae Asset arm acquires 11-acre pre-leased warehouse in Bhiwandi near Mumbai
The real estate market has historically been the asset class that created the most wealth for investors but the need for specialised investment know-how and large capital investment has restricted the asset class –...
Government invites bids for asset values for IDBI Bank disinvestment
The government has invited bids to engage an asset valuer for the strategic disinvestment of IDBI Bank. The government and the LIC are selling about 61% stake in IDBI Bank and multiple expressions of interest (EoI) for...
Crescent Energy to sell North Dakota assets to Kraken Resources
Crescent Point Energy would sell its North Dakota assets to Kraken Resources for $500 million in cash, according to sources familiar with the matter, as the Canadian oil and gas producer looks to repay its debt. Neither...
APA to buy Alinta Western Australian assets for $1.1 bln
APA Group said it will acquire Alinta Energy’s power assets in Western Australia’s remote Pilbara region for A$1.7 billion ($1.1 billion) including debt, as it looks to expand in power production. To fund...
NCLT approves Steamline Industries’ acquisition by a consortium of Invent Assets
The consortium of Invent Assets Securitisation & Reconstruction Company Pvt Ltd and GMT Pipes & Tubes Pvt Ltd’s bid to acquire Mumbai-based steel pipe manufacturer Steamline Industries Ltd is approved by the...
IndoSpace to invest $1 billion to acquire new warehousing, logistics assets in India
Private equity major Everstone Group-backed industrial real estate and logistics parks developer IndoSpace is looking to deploy over $1 billion to acquire new warehousing and logistics assets across India over the next...
Global funds eye Blackstone’s 50% in Panchshil and Salarpuria assets
Sovereign wealth funds including Singapore’s GIC and Abu Dhabi Investment Authority (ADIA) along with two Canada-based pension funds are in talks to acquire Blackstone Group’s 50% stake in two separate...
KKR InvIT acquires Macquarie’s 4 road assets for ₹3,000 cr
Highways Infrastructure Trust, an infrastructure investment trust (InvIT) owned by KKR, has acquired four road assets from Macquarie India in a deal worth ₹3,000 crore. Earlier, Adani Road Transport had agreed to...
Natural Gas Pioneer Puts Investment Vehicle Into Bankruptcy to Protect Ranch, Other Assets
An investment vehicle owned by U.S. natural-gas entrepreneur Charif Souki has filed for bankruptcy and is suing its lenders to prevent foreclosure of its assets, including shares of a family-owned business and a luxury...