Highway Infrastructure Trust, an infrastructure investment trust (InvIT) backed by private equity firm KKR, has agreed to acquire a dozen road projects from PNC Infratech Ltd and PNC Infra Holdings Ltd for a total...
General Atlantic to buy UK’s Actis in latest infrastructure tie-up
U.S. private equity firm General Atlantic said on Tuesday it has agreed a deal to buy UK-based infrastructure investor Actis, in the latest sign of investors betting on growth in alternative assets. The deal will grow...
KKR’s road InvIT to acquire 12 assets from PNC infratech
Highway Infrastructure Trust, an infrastructure investment trust (InvIT) backed by private equity firm KKR, has agreed to acquire a dozen road projects from PNC Infratech Ltd and PNC Infra Holdings Ltd for a total...
JSW Infrastructure to acquire majority stake in PNP Maritime Services
JSW Infrastructure on Monday said it has signed an agreement with SP Port Maintenance, a Shapoorji Pallonji Group company, to acquire majority stake in PNP Maritime Services (PNP Port). The agreement is to acquire over...
Infra.Market sells 10% stake in RDC Concrete for $20 million
Construction materials provider Infra.Market has sold 10% of its stake in its subsidiary RDC Concrete for $20 million, to public market investors led by Ashish Rameshchandra Kacholia. Ace investor Kacholia is known to...
JSW Infrastructure to buy majority stake in PNP Port for ₹270 crore
JSW Infrastructure said that it will acquire a majority stake in PNP Maritime Services (PNP Port) from Shapoorji Pallonji (SP) Group for a cash payment of ₹270 crore. PNP Port operates multi-purpose jetties at Shahbaj...
JSW Infra looks to bid for ports under govt’s privatisation plan
JSW Infrastructure, India’s second biggest port operator by volumes, is keen to explore port privatisation opportunities being opened up by the government and is also exploring the mega transhipment port project at...
JSW infra in talks to buy SP Group arm Gopalpur Ports for Rs 3,000 crore
JSW Infrastructure is in talks to buy Shapoorji Pallonji’s (SP) ports arm, Gopalpur Ports, at an estimated enterprise value of Rs 3,000 crore that includes the company’s debt, according to people familiar...
NCLAT to hear SREI Infra promoter’s plea on 4 October
The National Company Law Appellate Tribunal (NCLAT) on Monday deferred hearing in a plea in the insolvency case of SREI Infrastructure to 4 October after the company sought time to submit a rejoinder to a response by...
Gulf Oil Lubricants scouting for more acquisitions in the EV charging infra space
Gulf Oil Lubricants is on a lookout for more acquisitions in India and globally within the charging EV ecosystem as it seeks to strengthen its presence in the electric mobility segment where it’s a new entrant. This is...
Dadheech Infra case: NCLAT upholds insolvency proceedings; flags delay by NCLT in pronouncing verdict
The National Company Law Appellate Tribunal (NCLAT) on Thursday dismissed a petition against the NCLT order allowing the initiation of insolvency resolution proceedings against Dadheech Infrastructures. While upholding...
Australia’s Telstra shelves InfraCo stake sale plan, shares down
Australia’s Telstra shelved plans to sell a stake in its physical infrastructure unit, sending its shares about 2.5% lower, even as the telecom firm forecast higher underlying core earnings after a 14% jump in...