Roads platform Cube Highways and Infrastructure Pte. Ltd and Canada’s Caisse de dépôt et placement du Québec (CDPQ) are in talks to buy three toll roads from debt-laden Essel Group, three people aware of the matter...
Essel Group in talks to sell road assets to CDPQ, Cube Highways
Roads platform Cube Highways and Infrastructure Pte. Ltd and Canada’s Caisse de dépôt et placement du Québec (CDPQ) are in talks to buy three toll roads from debt-laden Essel Group, three people aware of the matter...
Blackstone to buy controlling stake in Essel Propack for Rs 3,211 crore
Private equity major Blackstone said on Monday it was making its largest investment in the consumer sector in India by picking up a 51 per cent stake in Essel Propack for up to Rs 3,211 crore ($460 million). Essel...
Essel may sell part of finserv business to reduce debt
Subhash Chandra’s Essel Group, under pressure from lenders to pare debt, is looking to sell parts of its financial services business, two people aware of the development said. “They are looking at the lending business...
Albéa, Blackstone in talks to acquire specialty packaging company Essel Propack
French packaging group Albéa and US private equity fund Blackstone Group are in advanced negotiations to take a controlling stake in Essel Propack (EPL), India’s largest specialty packaging company, according to three...
Essel Group to sell solar business to Actis
Essel Infraprojects is in the final stages of discussions to sell its solar energy portfolio to private equity investor Actis, according to sources. The sale of the portfolio, totaling 685 mw of installed and under...
Essel Infraprojects in talks to sell part of its roads portfolio
Essel Infraprojects Ltd is in talks with infrastructure developers and private equity (PE) companies to sell a part of its roads portfolio, three people close to the development said. The Subhash Chandra-controlled...
Essel Group in talks to raise $400 million to refinance debt
Subhash Chandra-promoted Essel Group is in talks with investors to raise as much as $400 million in a structured credit transaction, two people directly aware of the development said, requesting anonymity. The group...
Essel, Videocon DTH merger in legal dispute over pledged shares
A merger between the DTH arms of Videocon NSE 4.76 % and Essel groups, which took place in March 2018, is now the subject of a legal dispute in the Delhi High Court. In a case filed on 31 August of 2018 a Videocon group...
Actis agrees to buy Essel Infra’s solar power projects for ₹5,500-6,000 crore
Private equity investor Actis LLP has agreed to buy Essel Infraprojects Ltd’s solar power projects for ₹5,500-6,000 crore, according to two people involved in the deal process. The deal would be formally announced by...
Essel Group may divest up to 50% of promoter share in Zee Entertainment
Subhash Chandra, a pioneer in satellite broadcasting in India, is likely to divest a chunk of his stake in Zee Entertainment Enterprises (ZEEL), India’s first home-grown private broadcast network. The Essel Group, which...
Sekura Energy signs deal to acquire stake in four Essel Infra projects
Edelweiss Infrastructure fund- backed Sekura Energy Tuesday signed an agreement to acquire stake in two operating and two under-construction power transmission assets from Essel Infraprojects, for an undisclosed sum...