The asking price for the portfolio, consisting of seven road assets covering 472 km & having consolidated revenues of Rs 620 crore a year, ...

Other contenders such as Piramal and National Investment and Infrastructure Fund (NIIF) had backed out, citing high valuations.

“CPPIB, CDPQ and India’s sovereign fund NIIF have submitted their initial term sheets and are currently carrying out due diligence,” said o...

Starbucks, the world's largest coffee retailer and Café Coffee Day, India’s No. 1 chain, square off even as rival chains struggle to keep u...

GMR Group today said it has sold its 74 per cent stake in a 73-km long highway project to India Infrastructure Fund (IIF).

The Bangalore-based company reported a net loss of Rs 393 crore for the second quarter of the current fiscal, up from Rs 179 crore.

“We at GMR continue to focus on creating liquidity and reducing our leveraged position as part of the strategy of churning of assets,” Madh...

This is the second divestment by GMR in its roads portfolio in the last six months. The company is raising funds to pare debt.

Infrastructure major has initiated talks with Morgan Stanley, Citigroup VC, SBI Macquarie and ICICI Venture to raise Rs 1800 cr.