Five companies vying for stake in Dahej Port

December 2017

Reportedly, five companies have submitted expression of interest bids for acquiring a stake in the Dahej greenfield port project. The companies are JSW Infrastructure Limited, IMC Limited, Essar Ports Limited, Shapoorji Pallonji & Company Limited […]

BRNL acquires remaining 51 per cent stake in GIPL

November 2017

Reportedly, Bharat Road Network Limited (BRNL) has acquired the remaining 51 per cent stake in Guruvayoor Infrastructure Private Limited (GIPL), a concession company that operates and maintains the 259.76 km Thrissur-Angamali section of National Highway-47 […]

Cube Highways sells minority stake to ADIA unit

November 2017

Cube Highways and Infrastructure Private Limited, a road platform formed by I Squared Capital and the World Bank’s International Finance Corporation, has signed definitive agreements for a minority stake sale to sovereign wealth fund Abu […]

ITNL to divest part of equity stake in road projects

October 2017

IL&FS Transportation Networks Limited (ITNL) will divest a part of its stake in two road projects to Delhi-based Oriental Tollroads Private Limited. ITNL has signed an agreement with Oriental Tollroads for divesting 14.5 per cent […]

Greenko to buy Pennar Industries’ renewable business

September 2017

Hyderabad-based Pennar Industries Limited has agreed to sell its stake in Pennar Renewables Private Limited to Greenko Solar Energy Private Limited. Though the value of the transaction has not been disclosed, the stake sale will […]

GVK renews talks for stake sales in subsidiaries

September 2017

The management of GVK Power and Infrastructure Limited (GVKPIL) has renewed talks with potential investors to divest stakes, either partially or fully, in various subsidiaries to which the company had extended heavy guarantees. GVK hopes […]

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