HCC Concessions Ltd (in which Company, through wholly owned subsidiary HCC Infrastructure Company Limited, holds 85.45%), being the infrastructure development arm of the HCC Group, has executed a definitive agreement in respect of 100% stake sale of Farakka-Raiganj Highways Ltd (FRHL), its concessio...

New Delhi: Reliance Infrastructure on Thursday said it will sell its entire stake in Delhi-Agra Toll Roadway to Singapore-based Cube Highways for Rs 3,600 crore, following which the Anil Ambani led company’s debt will be reduced by 25 per cent to less than Rs 5,000 crore. Reliance Infrastructure (RI...

Piramal Enterprises Limited and Ivanhoe Cambridge have announced an equity investment of Rs 500 crore for development of Palava, a smart city being developed by Lodha Group, located in the Mumbai Metropolitan Region. — Moneycontrol Veritas Legal advised Lodha Developers Limited led by a team of part...

PHL Finvest Limited, a non-banking financial company, provided financial assistance to the extent of up to Rs. 75 crores to Fest Homes a LG Group Entity for a real estate project in Noida. KNM & Partners advised PHL Finvest Limited , a Piramal Group , led by a team of senior partner Rakesh Gupt...

Piramal capital and Housing Finance Limited, a non-banking financial company has provided financial assistance to the extent of up to Rs. 275 crores to ATS Heights Private Limited for a real estate project in Noida. KNM & Partners advised Piramal Capital and Housing Finance Limited led by a tea...

Parsvnath Developers Limited sold foreign investors’ shareholding from an Exotica, Ghaziabad project: Anuradha SA Investments LLC and Anuradha Ventures Limited had invested in Parsvnath Buildwell Private Limited, the SPV formed for undertaking the Exotica, Ghaziabad project in 2010. KNM & Partn...

LSO Subco No. 4 Company and LREF Subco No. 4 (the investors), have sold their shareholding in Kumar Builders Township Ventures Private Limited, which is engaged in the business of development of a special economic zone on land of 27 acres situated at Hinjewadi, Pune. The investors had invested in th...

“In November, Indiabulls had said that it was selling a stake in two Gurugram office projects, but had not disclosed the investor’s name or deal value,” reported Mint . KNM & Partners advised India Bulls led by a team of senior partners Mukesh Kumar and Rakesh Gupta , and associate P K Shahi . ...

The transaction pertains to Kinetic Holdings 1 Pte. Ltd. acquisition of 100% of the share capital of Simhapuri Expressway Limited from KMC Infratech Road Holdings Limited, BSCPL Infra Projects Limited, and BSCPL Infrastructure Limited; and approx. 90% of the share capital of Rayalseema Expressway Pr...

“The Ramky Group, which last fortnight sold a controlling stake in a group company to global private-equity major KKR in a landmark deal, has agreed to sell it’s access-controlled road asset NAM Expressway in favour of the Singapore-based toll roads operator Cube Highways for Rs 1,669 crore. The sal...

“Piramal Capital and Housing Finance … financed three projects adding up to around ₹ 1,500 crore in the National Capital Region (NCR), the company’s managing director said. The Mumbai-based firm, part of the Piramal group, has invested ₹ 400 crore in various projects of ATS Infrastructure Ltd in Noi...

“Mahindra Lifespaces Developers and Mahindra World City (Jaipur), a subsidiary of the company and a joint venture between the company and Rajasthan State Industrial Development and Investment Corporation have executed an agreement on 19 June 2018 with International Finance Corporation, a member of t...

PTC India Financial Services extended Rs 158 crore rupee facilities toward KKR India Financial Services’ outstanding debt at the request of energy company Cleanmax IPP 2 (CMIP2). CMIP2 had borrowed Rs 150 crore from KKR India by a 6 January 2018 agreement. The loan was for its 32MW AC (46.4 MW DC) p...

“Realty developer Shriram Properties has entered into partnership with Kotak India Affordable Housing Fund-I (KIAHF) for development of next phase of its affordable housing project Shriram Grand 2, as part of Shriram Grand City at Uttarpara in Kolkata,” reported the Economic Times . Kanga & Co ...

“Sagarmala Dev invests Rs 125 cr in Krishnapatnam Railway Co for rail corridor: Krishnapatnam Railway Company Ltd (KRCL) said […] it has received an investment of Rs 125 crore from Sagarmala Development Co,” reported The Times of India . Link Legal India Law Services advised Sagarmala Development Co...

International Finance Corporation (IFC), a member of the World Bank Group, invested Rs 194 crores in Mahindra World City (Jaipur) Ltd, a subsidiary of Mahindra Lifespace Developers Ltd, the real estate and infrastructure development arm of the Mahindra Group, for the development of an industrial par...

“The Hinjewadi-Shivajinagar metro route on Wednesday received a major push after the Pune metropolitan region development authority (PMRDA), which is executing the project, awarded the contract for this Pune route to a joint venture of Tata Realty Infra and Siemens.” reported The Hindustan Times . H...

Telengana-based Ramagundam Fertilizers & Chemicals, a joint-venture company promoted by NFL, EIL and FCIL, have entered into a shareholders agreement with the HTAS consortium along with GAIL India in relation to a 26% stake acquisition of the total project equity of Rs 1313.57 crores (around $1...

“Sixteen Korean automobile ancillaries exchanged Memorandum of Understandings with the government of Andhra Pradesh on Monday, bringing in a total investment of $737m and committing employment to 6,583 people,” reported Business Standard . The Honorable Chief Minister was proactively engaged in the ...

Sydney-based capital fund manager Macquarie has bagged 9 completed highway projects for a bid of Rs 9,681.5 crores ($1.4b) winning the rights to manage 648 kms through auction, in a first of its kind initiative by the government to monetize its assets under the toll-operate-transfer (TOT) model, rep...