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ROAD ASSETS DIVESTMENT
PNC Infratech has executed over 90 major infra projects: CMD Pradeep Kumar JainPNC Infratech, celebrating 10 years since its stock exchange listing, has completed over 90 infrastructure projects across 13 states. The c...- PNC Infratech completes stake sale in 10 road assetsPNC Infratech has finalized the sale of its stake in 10 road assets to Highways Infrastructure Trust (HIT), an Infrastructure Investment Tr...
- PNC-KKR Rs 9,000 crore deal : Approval for 8 assets received from NHAI, two more by January endPNC Infratech gains in-principle NHAI approval to transfer a 100% stake in two subsidiaries managing Bundelkhand and Khajuraho road project...
- Fortis sells Chennai hospital to MGM Healthcare for Rs 128 croreFortis Healthcare has agreed to sell Fortis Malar Hospital in Chennai to MGM Healthcare Private Limited for around Rs 128 crore. The all-ca...
- L&T to sell 8 roads, transmission project to Edelweiss fund for Rs 7000 croreThe divestment is part of L&T’s asset-light strategy, which has seen the company exit several non-core assets. The L&T Infrastructure Devel...
- Reliance Infrastructure completes transmission JV sale to IndiGrid for enterprise value of Rs 900 croreThe cash-strapped and loss-making company had signed a deal with India Grid Trust (IndiGrid) in November for the sale of its 74% stake in t...
- Dipam to soon issue EoI for BPCL divestmentOfficials have earlier said that divestment of public sector enterprises, including Air India, which the government wants to execute at a f...
- Dipam to soon issue EoI for BPCL divestment“BPCL is at a very advanced stage, the EOI will be issued very soon,” the official said.
- Kalpataru Power plans to divest non-core assets to fuel growthTransmission firm looks to focus on engineering and bid for PPP projects.
- IL&FS board sets up sub-committee to oversee disinvestment processThe decision to form a sub-panel was taken in its board meeting held on June 28, Infrastructure Leasing & Financial Services Ltd (IL&FS) sa...
- Street-bound IRCON plans to divest road projects to stay ‘asset-light’Company ready to hit the capital market with an initial public offer on September 17
- Ramky infra sells NAM Expressway to Cube Highways for Rs 1,669 CroreRamky Infratech has on Friday announced signing a share purchase agreement with Cube Highways, formed by the International Finance Corporat...
- Gayatri infrastructure to sell stake in Western UP Tollway highwayIn a bid to monetise its road assets and reduce debt, infrastructure firm Gayatri Projects Ltd (GPL) is selling stake in Western UP Tollway...
- Gammon Infrastructure to divest nine projects to BIF India HoldingsGIPL has also divested its stake in Mumbai Nashik Expressway Ltd. The company held approximately 80 per cent stake in the firm.
- Lanco Infratech puts on hold plan to divest assets for better valuationLanco has been reeling under huge debts, mounting losses as its power projects were running below full capacity due to lack of fuel.
- SEW Infra sells majority stake in road asset to Uniquest InfraHyderabad-based infrastructure firm SEW Infrastructure has on Wednesday announced selling majority stake in one of its road assets.
- GMR sells 74% stake in Ulundurpet Expressways for Rs 222 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...
- GMR sells 74% stake in highway project for Rs 222 cr to IDFC fundThis is the second divestment by GMR in its roads portfolio in the last six months. The company is raising funds to pare debt.
- GMR Infrastructure looks to sell stake in four road assets to raise Rs 1,800 croreInfrastructure major has initiated talks with Morgan Stanley, Citigroup VC, SBI Macquarie and ICICI Venture to raise Rs 1800 cr.
- GMR Infrastructure to trim debt, raise up to Rs 4k crore from stake saleGMR Infra said it is looking to raise close to Rs 3,000-4,000 cr by divesting stakes and churning of assets in some of its projects.
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