GMR Airports Infrastructure Limited (Formerly GMR Infrastructure Limited) (GIL) announced the approval by its board of the composite scheme of amalgamation and arrangement of GMR Airports Limited (GAL) with GIL (Merger)...
JAL approaches NCLAT against NCLT order on Jaypee Infratech matter
Jaiprakash Associates has approached the insolvency appellate tribunal NCLAT against the NCLT order relating to the distribution of Rs 750 crore in the Jaypee Infrastructure matter. The amount was deposited with the...
Supreme Court asks Authum Investments and Infrastructure to implement resolution plan for Reliance Home Finance
In a big relief to Authum Investments and Infrastructure, the Supreme Court on Friday asked the company to implement its ₹2,887-crore resolution plan for the takeover of Anil Ambani’s Reliance Home Finance by...
NCLT admits HDIL firm Privilege Power and Infrastructure under insolvency process
The bankruptcy court has admitted Privilege Power and Infrastructure, an affiliate of Housing Development and Infrastructure (HDIL), under the Corporate Insolvency Resolution Process (CIRP). The Mumbai bench of the...
Appellate Tribunal dismisses IBBI plea in GTL Infra case
The National Company Law Appellate Tribunal (NCLAT) has dismissed a petition filed by the insolvency regulator, which had challenged a bankruptcy court decision to reject lenders’ plea to admit GTL Infrastructure...
Bharti Airtel acquires 23 per cent stake in Indus Towers held by subsidiary Nettle Infrastructure
Telecom operator Bharti Airtel has increased its direct stake in Indus Towers by acquiring 23.01 per cent shares held by its completely owned subsidiary Nettle Infrastructure, a regulatory filing said on Saturday...
Bharti Airtel completes amalgamation of Nettle Infrastructure, Telesonic Networks
Bharti Airtel said it has completed the merger of wholly owned subsidiaries Nettle Infrastructure Investments Limited (Nettle), Telesonic Networks Limited (Telesonic). The amalgamation is effective February 1 and was...
Mapletree Investments Acquires KSH Infra’s logistics asset
Mapletree Investments has acquired the remaining assets of a logistics park owned by KSH Infra Industrial Park Pvt Ltd, a subsidiary of Pune-based KSH Infra Group, for around ₹320 crore (around $38.7 million)...
Reliance Infratel goes to Jio for Rs 3,720 crore for asset acquisition
Reliance Projects and Property Management Services — a subsidiary of telecom major Reliance Jio — has deposited Rs 3,720 crore in an SBI escrow account to acquire mobile tower and fibre assets of Reliance Infratel. The...
Edelweiss acquires L&T-CPPIB infrastructure project for Rs 6,000 cr
Infrastructure Yield Plus Strategy, the infrastructure platform managed by Edelweiss Alternatives, has acquired 100% equity stake in Larsen & Toubro Infrastructure Development Projects (L&T IDPL) for an...
NCLT reserves order on Suraksha’s bid to acquire Jaypee Infratech, complete 20k flats
The insolvency tribunal NCLT has reserved its order on Mumbai-based Suraksha group’s bid to acquire Jaypee Infratech Ltd and complete around 20,000 flats for aggrieved homebuyers. While a two-member special bench...
Wipro Infrastructure Engineering to acquire Linecraft.ai, a Pune based AI-enabled firm
The industrial automation business of Wipro Infrastructure Engineering said it has signed definite agreement to acquire Linecraft.ai, a Pune based AI-enabled industry 4.0 company. Linecraft.ai harnesses the power of...