India’s GMR Airports and its affiliates will buy an additional 11% stake in GMR Hyderabad International Airport from Malaysia Airports Holding Berhad’s unit, the company said in a statement. GMR Airports...
CVC Capital to buy Dutch firm DIF Capital Partners for $1.1 bln-FT
European private equity firm CVC Capital is on the verge of buying a majority stake in Dutch infrastructure firm DIF Capital Partners in a deal worth around 1 billion euros ($1.08 billion) in a cash and stock deal, the...
Actis to buy Patel Infra’s 5 roads for around $91 mn
Private equity (PE) firm Actis Llp has agreed to acquire five hybrid annuity model (HAM) road projects from Patel Infrastructure Ltd at an equity value of around $91 million, two people aware of the development said...
Asterion, Telefonica explore sale of Spanish IT infrastructure group – sources
The owners of Nabiax, a Madrid-based operator of computer data centres, are exploring a sale of the group that could value it at close to 1 billion euros ($1.12 billion), people familiar with the matter told Reuters...
KKR to buy Navayuga Udupi Toll Road for Rs 924 cr
PE firm KKR has signed agreements to acquire 100% equity stake in Hyderabad based Navayuga group’s toll road – Navayuga Udupi Tollway – for an enterprise value of ₹924 crore, said two sources. Navayuga...
Cube Highways acquires Baharampore Farakka Highway from HCC Group
I Squared Capital backed highways platform Cube Highways has closed the acquisition of Baharampore Farakka Highways Ltd (BFHL), which owns a 101 km highway stretch in West Bengal, from the HCC group at an enterprise...
GMR Airports Infra to merge subsidiary with itself, raise ₹2,900 crore from Groupe ADP
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)...
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...
Insolvency proceedings begin in Ansal Properties and Infrastructure
The National Company Law Tribunal (NCLT) has ordered the commencement of a corporate insolvency resolution process of Ansal Properties and Infrastructure. The creditors of Ansal Properties have been asked to submit...
SP Group sells entire stake in Jammu highway project to NIIF for $290 mn
The Shapoorji Pallonji Group announced the divestment of its entire shareholding in SP Jammu Udhampur Highway Ltd to the National Investment and Infrastructure Fund (NIIF) for USD 290 million (about Rs 2,200 crore). The...
Cube Highways to raise $1 bn for InvIT
Roads platform Cube Highways is in the final stages of discussions with Canadian pension fund British Columbia Investment Management Corp. and Abu Dhabi-based sovereign wealth fund Mubadala to raise $1 billion for its...
Silver Point to buy AJR Infra’s Patna project for Rs 930 crore
US hedge fund Silver Point Capital will soon acquire AJR Infra Ltd.’s special purpose vehicle (SPV) Patna Highway Projects for Rs 930 crore, said two people aware of the development. The National Company Law Tribunal...
