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PIRAMAL ROADS INFRA
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 27% in 1 yearAfter the correction, the street will reach a stage where, if a company delivers numbers, there will be enough money waiting to move into t...
Edelweiss-backed Sekura Roads to acquire Thrissur Expressway LtdIn 2021, India Resurgence Fund — promoted by Piramal Enterprises and Bain Capital Credit — had invested Rs 555 crore ($75 million) in Thris...
KKR, NIIF, Cube, Sekura eye road assets in SouthIncorporated in 2009, the 90-kilometre Navayuga Udupi Tollway covers Kundapur-Surathkal and Mangalore-Kerala border sections on NH17, which...
CPPIB, Allianz-led InvIT in talks to acquire Sadbhav Infra’s 12 road assetsAs on December 2018, listed company Sadbhav Engineering Ltd holds about 69 per cent of SIPL.
Sadbhav Infra raises Rs 600 crore from Piramal group for road projectsPiramal Group has been an active lender in areas of renewables and infrastructure sectors in India.
GMR seeks to restructure portion of its Rs 4,000-crore debt liabilityMore than a dozen lenders — including US private equity giant KKR’s NBFC arm, Yes Bank, Srei Infrastructure, HDFC, L&T and Piramal Group — ...
Piramal Capital & APG bet on Mytrah, invest $300 millionThe proceeds will mostly be used to buy out existing investors such as Apollo Global Management, Aion, Goldman Sachs, Bank of America Merri...
Ajay Piramal to hold 35% in merger with infrastructure firm IL&FS“Both foreign and local shareholders of IL&FS have approved a merger plan and PEL board will take up the proposal in a few weeks,” a person...
Piramal Enterprises likely to scoop up IL&FS in all-stock deal to create Rs 15,000 crore entityAs per the plan, PEL will carve out its financial services business and merge it with IL&FS in an allstock deal to create a $2.5-billion (a...
Ramky Infrastructure rallies 18% on sale of 3 highway projects to Pirmal GroupMove signals that cash-rich investors are keen on infusing life into roads sector amid Modi govt's overall push to revive infra as it looks...
Ajay Piramal Group leads race to buy 3 highway projects of Ramky InfrastructureThe diversified business conglomerate plans to purchase a majority 51% stake and take management control with an investment horizon of more...
Tata Realty & Infrastructure Limited, Piramal Group may join hands for infrastructure businessA source with direct knowledge shared that Cyrus Mistry and Ajay Piramal met recently to finalise the collaboration of the two groups in th...
Ajay Piramal Group may buy into IL&FSA Piramal Group arm may buy out some IL&FS stakeholders which have been looking to exit, take over some of assets, or even weigh possibilit...
Modi government looks to help India realize road-building potential; but faces many challengesModi, Gadkari and co should pull out the stops and help India realize its potential in road-building which has so far seemed better on pape...
Piramal Enterprises gets a partner in Holland's APG for $1 billion infrastructure joint venturePiramal and APG are initially bringing in $375 million each and over the next 3 years plan to ramp up their investment to $1 billion.
Ajay Piramal group set to buy six road projects worth Rs 2000 croreThe real estate to financial services group has signed non-binding preliminary term sheets to acquire four projects and is in advanced nego...
Ramky Infrastructure in talks to raise Rs 900 crore from assets sale“The company plans to use the equity amount of Rs 900 crore to clear most of the standalone debt.", a person with direct knowledge of the m...
Piramal Group plans to build Rs 15k crore financial services businessWe want to do three-four big ticket structured transactions every year and strengthen the NBFC business, says Piramal Group chief Ajay Pira...
Cash rich Piramal set to invest Rs 1000 crore in road and renewable energy projectsThe road portfolio includes eight annuity and build-operate-transfer (BoT) projects with a total project cost of 8,700 crore.
- IDFC, SNC-Lavalin form JV to develop roads, highways
They plan to commit $250-300 mn in equity in the JV co Piramal Roads Infra over the next 3-5 yrs and fund road projects to the tune of $1 b...