“IndoSpace, an Industrial real estate and logistics parks’ developer, has entered into a joint venture with ’ wholly-owned subsidiary Model Economic Township Limited (METL) to develop a logistics park in Farukhnagar in Haryana.” as per the report by The Economic Times . Post acquisition, Model Econo...

Malaysia-bbased oil and gas company and member of the Petronas group, Amplus, has executed contracts to acquire 17 on-site rooftop solar projects, across 5 states in India, from Sterling & Wilson with a total capacity of 7.2 MW. These projects supply power to 13 leading industrial, commercial, ...

Bengaluru based Prestige Estate has taken over a Mumbai housing project from the debt ridden Ariisto Developers resolving about INR 1650 crores of the total INR 2200 crores owed by Ariisto, as reported by The Times of India . The resolution plan as approved by the Committee of Creditors, is a hybrid...

“Debt-laden Infrastructure Leasing and Financial Services (IL&FS) has completed the sale of its 49% stake in a Chinese expressway project, that will help the company address debt worth Rs 2,600 crore.”, reports The Economic Times. The transaction involved sale of 49% shareholding amounting to I...

Paris-based independent power producer Total Eren SA and EDF Renouvelables, of the Electricite de France SA group (EPA:EDF), have achieved financial close on a 450-MWp solar project in India. — Renewablesnow Herbert Smith Freehills advised Total-Eren S.A and EDF Renouvelables SA as sponsors and thei...

Oman-based National Gas Company (NGC) will partner with Singapore-headquartered Petredec to set up an LPG import and storage terminal at Krishnapatnam Port at an investment of ₹400 crore… NGC to hold 60%, LPG trader Petredec 40% in project to come up at Krishnapatnam Port. — Hindu Business Line AZB ...

Höegh LNG Holdings Ltd. (“Höegh LNG”) is pleased to announce that it today has completed and signed all documentation for its 10-year charter with H-Energy and selected the FSRU Höegh Giant to serve this agreement. The binding commitment was announced in a stock exchange notice on 19 November 2020. ...

Cube Highways acquired an NHAI four-lane toll road connecting Neelamangala and Devihalli in Karnataka - Cube Highways from Lanco Devihalli Highways, according to a company press release . AZB & Partners advised Cube Highways and Infrastructure I-D Pte Ltd (a portfolio company of I Squared Capit...

FRV Group entered into definitive agreements with India Grid Trust, with IndiGrid Investment Managers Limited acting as Investment Manager for India Grid Trust, for sale of 100% securities holding in FRV Andhra Pradesh Solar Farm-I Private Limited & FRV India Solar Park II – Private Limited, ea...

Link Legal has successfully represented GMR Hyderabad Aerotropolis Limited (“GHAL”), in setting up a 30:70 ;joint venture company in India, GMR Logistics Park Private Limited (“JV Company”) with ESR Hyderabad 1 Pte. Limited, a Singapore based entity (“ESR”). GHAL and ESR set up the JV Company to joi...

A Goldman Sachs unit has acquired the student housing facilities of a private university in north India at an enterprise value of ₹900 crore (about $120 million), said two people aware of the development. — Mint We had also reported more on the deal earlier this week. Shardul Amarchand Mangaldas &#x...

New Delhi: Max Estates, the wholly owned subsidiary of Max Ventures and Industries, has formed a 51:49 joint venture with New York Life Insurance, the largest mutual life Insurance company in the United States, to develop a commercial real estate project in Noida. The Rs 400 crore project, with a bu...

Zoomlion acquired land to set up of manufacturing unit in Khed City Industrial Park, an SEZ set up jointly by MIDC and Bharat Forge. ZOOMLION India Private Limited is a Chinese manufacturer of construction machinery and Heavy equipment. World’s 6th largest and China’s largest, Zoomlion signed an MOU...

ReNew Power Ventures Pvt. Ltd has formed a joint venture with South Korea-based engineering, procurement, and construction (EPC) firm GS E&C to build a 300 megawatt solar power plant in Rajasthan, according to a joint statement released by the companies on Wednesday. NEW DELHI : ReNew Power Ven...

Switzerland’s Zurich Airport International AG on Friday emerged as the highest bidder for the proposed international airport at Jewar, Uttar Pradesh, on the outskirts of Delhi, sparking hopes for the long-delayed project and the development of the area around it… The Swiss firm will invest more than...

Bangalore International Airport Ltd (BIAL), the operator of Kempegowda International Airport in Bengaluru, has achieved financial closure for its ₹13,352-crore infrastructure expansion that includes construction of Terminal 2 and associated projects. — Hindu Business Line Desai & Diwanji advise...

Road developer IRB Infrastructure Developers Ltd on Tuesday said Singapore’s sovereign wealth fund GIC is investing ₹4,400 crore in its road platform. — Mint IRB will transfer nine of its road assets to a newly-created private Infrastructure Investment Trust (“InvIT”) under SEBI regulations, in whic...

metadesc: J Sagar Associates advised IndInfravit Trust led by partners Bir Bahadur Sachar , Aditya Rathi , Arka Mookerjee and Jamshed Bhumgara , senior associate Kaustubh Verma ; associates Parshva Doshi and Kinjal Shah ; partners Anish Mashruwala , principal associate Pallavi Banerjee and associate...

DLF Ltd has formed a second joint venture with global investment and development firm Hines to develop a commercial project in Udyog Vihar, Gurugram, at an investment of ₹1,900 crore, India’s largest developer said on Tuesday. — Mint AZB & Partners advised DLF Home Developers Limited led by a t...

Ashiana Housing Limited, a listed company, in its agreement to co-invest with International Finance Corporation (IFC) in upcoming affordable and middle income residential projects, including senior living projects. The agreement contemplates an aggregate investment of Rs. 3.75 billion, of which 60% ...