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Brookfield-backed Chronos Properties renews bank guarantee to stay in race for IL&FS's Bandra Kurla Complex officeBrookfield-backed Chronos Properties has renewed a Rs 148 crore bank guarantee. This action keeps them in contention for acquiring IL&FS's ...- NCLT's valuation flags cloud IL&FS HQ saleIn a recent order, the National Company Law Tribunal (NCLT) rejected the proposed sale of two IL&FS-owned commercial properties -Mafatlal C...
- NCLT asks Brookfield to renew performance guarantee for IL&FS HQThe NCLT Mumbai has ordered Brookfield Asset Management to renew its performance guarantee for IL&FS' headquarters within 30 days, preventi...
- Brookfiled extends pact to buy IL&FS' headquarters till JuneA Brookfield spokesperson did not respond to a request for comment while an IL&FS spokesperson declined to comment.
- HDFC may contest IL&FS building saleNCLAT had turned down HDFC's appeal for a stay on the sale of the property located in the Bandra Kurla Complex, which is regarded as one of...
- NCLAT sets aside plea to stay IL&FS' BKC headquarters saleA two-judge bench of Justice Ashok Bhushan and Dr Alok Srivastava dismissed the appeal by the leading mortgage-finance lender in an order d...
- IL&FS gets NCLT approval to sell HQ to BrookfieldBrookfield's affiliate company Chronos Properties has emerged as the successful bidder to acquire the marquee property for over ₹1,080 cror...
- NHAI pays Rs 891-crore termination compensation to IL&FS for Khed-Sinnar ExpresswayCumulatively, IL&FS will now have Rs 980 crore to meet its various liabilities due in this project. The total debt of Khed-Sinnar Expresswa...
- IL&FS puts more Mumbai properties on the blockMonetisation of these key properties, in the business district of Lower Parel and Chandivali, owned by the company and its wholly-owned sub...
- Resolved debt of Rs 55,000 crore till March-end, says IL&FSThe management team, led by non-executive chairman Uday Kotak, has steered the resolution process of IL&FS Group since October 2018. Kotak'...
- IL&FS' iconic headquarters in Mumbai's BKC sold to Brookfield for Rs 1,080 croreThe iconic property was one of the first structures to come up in BKC, which is now the de facto Central Business District of the country’s...
- IL&FS expects BKC headquarters, GIFT City towers’ sale to fetch over Rs 1,350 croreAt least a dozen entities have expressed initial interest in buying the IL&FS headquarters and the final bids will show the actual conversi...
- Global, local investors eye IL&FS Bandra-Kurla Complex property“While the financial bids are yet to be placed, the deal is estimated to fetch around ₹1,500 crore, given the status and location of the pr...
- IL&FS eyes Rs 1,500 crore from sale of headquarters in MumbaiAccording to consultants, the commercial property is expected to attract good interest even during the ongoing pandemic given its prime loc...
- IL&FS may sell non-core real estate assetsThe group could get Rs 5,000-6,000 crore from the sale of the real estate assets.
- Not ruling out raising stake in IL&FS: VK Sharma, LIC ChairmanIL&FS has defaulted on five of its obligations since August & put headquarters on the block.
- IL&FS puts headquarters on the blockIL&FS has not been able to take up any new infrastructure projects after 2015.
- IL&FS puts corporate headquarters in Mumbai on the blockThe infrastructure financier promoted by state-owned and private lenders is also seeking to raise funds from its institutional shareholders.
- IL&FS Engineering and Construction Company lowest bidder for 7-km lineThe Hyderabad-headquartered construction firm will take up the work at a cost of ₹433.26 crore, which is 1.39% higher than BMRCL estimates.
- Coal India, IL&FS IDC to form JV for projectsState-owned Coal India and IL&FS Infrastructure Development Corporation, a wholly-owned subsidiary of IL&FS, on Tuesday entered into a memo...
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