NDR InvIT Trust, an InvIT, has acquired Grade A industrial and warehousing assets in Surat, Hyderabad, Bengaluru and Pune, for Rs 7.06 billion. The assets have over 2.1 million square feet of operational space and 100 per cent occupancy rates. The transaction is financed through a mix of cash and units issued. Of the total, Rs 5.65 billion is paid in cash and the remaining Rs 1.41 billion through a preferential issue of 11.01 million units at Rs 128 per unit.
Policy Promise: Key takeaways from NCAP, 2016
After being almost 11 months in the making and after several rounds of consultations among government, industry and other stakeholders, the National Civil Aviation Policy (NCAP) was finally put into place in June 2016. The […]
EEDL signs SPA to acquire 100 per cent stake distribution company in Chandigarh
Eminent Electricity Distribution Limited (EEDL), a wholly owned subsidiary of CESC Limited, has signed an SPA with Chandigarh Power Distribution Limited (CPDL) for the acquisition of 100 per cent equity in the distribution company for […]
Indus Tower approves acquisition of telecom assets of Bharti Airtel and Bharti Hexacom
Indus Towers’ board has approved the acquisition of telecom assets from Bharti Airtel and Bharti Hexacom for up to Rs 33.08 billion through a slump sale. The transaction comprises the acquisition of passive infrastructure assets/telecom […]