Offers Buzz: Aircel in transfer to purchase GTL Infrastructure’s $2.5 billion tower firm


Greenko, ReNew eye SkyPower’s India solar energy initiatives

Canadian photo voltaic power developer SkyPower is in separate talks with Hyderabad-based Greenko Group and Sumant Sinha-led ReNew Energy Ventures to promote stake in its Indian initiatives, reviews Mint, citing two individuals conscious of the event. Learn extra

SSG Capital acquires 34.42% stake in Cox & Kings UK unit

Journey agency Cox & Kings Ltd on Thursday stated SSG Capital Administration Ltd has purchased 34.42% stake in its British subsidiary Prometheon Holdings (UK) Ltd from Rohatyn Group, reviews Mint. Prometheon owns Holidaybreak, a European area of interest journey firm. Learn extra

Lenders plan to carry strategic investor in Sterling Port

As a part of makes an attempt to get well their loans, lenders of Sterling Port Ltd plan to carry a strategic investor to interchange the prevailing concessionaire on the Dahej port mission in Gujarat, reviews Mint, citing two individuals conscious of the event. Learn extra

Dutch pension fund APG places $175 million in Virtuous Retail

Dutch pension fund supervisor APG Asset Administration NV has invested $175 million (Rs1,150 crore) of contemporary fairness into Virtuous Retail South Asia Pte Ltd (VRSA), a three way partnership with Xander Group Inc., for acquisitions and greenfield mission developments, reviews Mint. Learn extra

IL&FS ties with Ecamion to discover power storage enterprise

Infrastructure Leasing and Monetary Providers (IL&FS) Ltd has tied up with Canadian clear expertise firm Ecamion Inc. to discover coming into the power storage enterprise, with an eye fixed on the electrical car alternative, reviews Mint, citing a senior government. Learn extra

Aircel in transfer to purchase GTL Infrastructure’s $2.5 billion tower firm

Malaysia’s Maxis Communications-owned cell telephony supplier Aircel is making a transfer to accumulate impartial tower operator GTL Infrastructure in a deal, which is being pushed by the widespread lenders of the 2 troubled firms, reviews The Financial Occasions, citing individuals immediately conscious of the matter. Learn extra

Mint had earlier in Could reported {that a} stake sale in GTL Infrastructure might see the telecom infrastructure agency valued at greater than Rs11,000 crore, citing individuals conscious of the event. Learn extra

Bain-Piramal, Aion in race to purchase 58% stake in GTL Infrastructure

Lenders to GTL Infrastructure have acquired bids from 4 firms for purchasing as much as 58% stake within the telecom tower firm, reviews The Financial Occasions, citing two individuals conscious of the event. The 4 bidders embrace Bain-Piramal three way partnership asset reconstruction agency, Aion Capital, a overseas telecom firm, and a lesser-known funding agency Beam Investments. Learn extra

IFC, HDFC to create reasonably priced housing fund of $800 million

In a transfer that would present a fillip to reasonably priced housing finance in India, the Worldwide Finance Corp., a member of the World Financial institution Group, has partnered with the nation’s largest mortgage lender HDFC to create an $800 million fund to finance building of reasonably priced homes, reviews The Financial Occasions. Learn extra

PVR to purchase minority stake in US-based theatre agency iPic

PVR Ltd, the nation’s largest movie exhibition firm, is about to speculate $4 million to select up a minority stake in American luxurious restaurant-and-theatre firm iPic-Gold Class Leisure, reviews The Financial Occasions, citing an organization insider. Learn extra

Volkswagen China to speculate billions in new power vehicles

Volkswagen will make investments greater than 10 billion euros ($12 billion) together with its companions in China to construct new power autos within the nation, the corporate stated, reported AFP. Learn extra

India Inc raises Rs1.4 trillion by way of equities in 2017

Fundraising by way of the fairness route hit an all-time excessive, touching the Rs1.4 trillion mark in the course of the present calendar yr (CY17). In all, firms raised a report Rs1,40,073 crore within the 10-and-half months of CY17 (January-November 2017) by way of varied fairness devices, reviews Enterprise Normal. Learn extra

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