Adani Group keen to acquire Jaiprakash Associates by insolvency: Sources
1 week, 1 day ago

Adani Group keen to acquire Jaiprakash Associates by insolvency: Sources

Hindustan Times  

New Delhi, Mar 26 Business conglomerate Adani Group has shown interest in acquiring Jaiprakash Associates Ltd through an insolvency process, according to sources. Business conglomerate Adani Group has shown interest in acquiring Jaiprakash Associates Ltd through an insolvency process, according to sources. ) Jaypee Group's flagship firm JAL, which is into cement, power, hotels, construction and real estate businesses, has been admitted into the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016, through an order dated June 3, 2024, passed by the National Company Law Tribunal, Allahabad Bench. The consortium comprises SBI, ICICI Bank, IDBI Bank, Axis Bank, LIC, Canara Bank, Bank of Maharashtra, IFCI, PNB, UCO Bank, South Indian Bank, Punjab & Sind Bank, Jammu & Kashmir Bank, SIDBI, Standard Chartered Bank, Karur Vysya Bank, EXIM Bank, Bank of India, Indian Overseas Bank, Indian Bank, IndusInd Bank, Bank of Baroda, Union Bank of India, Central Bank of India and SREI Equipment Finance Ltd.

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History of this topic

Adani in talks with Emaar Group to acquire $1.4 billion India real estate unit: Report
2 weeks ago

Adani in talks with Emaar Group to acquire $1.4 billion India real estate unit: Report

Hindustan Times  

Billionaire Gautam Adani is now in advanced talks to purchase the India unit of Dubai-based developer Emaar Group, valued potentially at about $1.4 billion. This development comes after Emaar had announced in January that it was in talks with some business groups in India, including the Adani Group, regarding a potential stake sale in Emaar India Ltd. The Adani Group's …

Adani group in $1.4 billion deal talks to buy Emaar's India business: Report
2 weeks ago

Adani group in $1.4 billion deal talks to buy Emaar's India business: Report

India Today  

The Adani Group is in the final stages of discussions to acquire the Indian unit of Dubai-based real estate developer Emaar Group, reported Bloomberg. The potential deal, valued at $1.4 billion, could expand Adani’s presence in India's real estate sector, according to sources cited in the report. Emaar had previously confirmed in January that it was in discussions with multiple …

Adani Realty in talks to takeover Emaar India to boost realty biz
2 months, 2 weeks ago

Adani Realty in talks to takeover Emaar India to boost realty biz

Live Mint  

Mumbai: Adani Group is in advanced talks with Dubai-based developer Emaar Group to acquire a majority stake in its Indian business for ₹4,000-5,000 crore, two people aware of the matter said. In 2016, Emaar's Indian joint venture Emaar MGF Land Ltd split into two entities, with Emaar India Ltd and MGF Developments Ltd holding 60.11% and 39.89% stakes in their …

Emaar India to invest ₹1,000 cr on new housing project in Gurugram; eyes ₹2,500 cr revenue
4 months, 2 weeks ago

Emaar India to invest ₹1,000 cr on new housing project in Gurugram; eyes ₹2,500 cr revenue

Live Mint  

New Delhi, Nov 20 Realty firm Emaar India will invest around ₹1,000 crore to construct a new luxury housing project in Gurugram amid strong demand for premium residential properties. Asked about project cost, Chakrabarti said it will be around ₹1,000 crore excluding land cost. "This project stands as a testament to Emaar's unwavering commitment to providing high-quality living spaces that …

Adani Group Set To Bid For Jaypee Real Estate To Capture Delhi-NCR Market: Report
8 months ago

Adani Group Set To Bid For Jaypee Real Estate To Capture Delhi-NCR Market: Report

ABP News  

The Adani Group is reportedly planning to bid for the Jaypee Group’s real estate portfolio. In addition to the real estate assets, which include a range of high-value properties such as apartment complexes, villas, and golf courses, Adani has also shown interest in Jaypee’s cement business. “As a resolution package, Adani may offer around Rs 15,000 crore in total to …

Adani Group says faces no refinancing risk or liquidity issues; Adani Enterprises turns Q3 profit of ₹820 crore
2 years, 1 month ago

Adani Group says faces no refinancing risk or liquidity issues; Adani Enterprises turns Q3 profit of ₹820 crore

The Hindu  

Adani Group flagship Adani Enterprises Ltd. on Tuesday said group companies faced no material refinancing risk, or near-term liquidity issues in the wake of “allegations made by a short seller on the parent and some other entities of the Adani Group” and termed the recent rout in its stock prices as “temporary market volatility”. AEL also reported a third-quarter net …

IHC from Abu Dhabi to invest $400 Million in Adani enterprises' FPO
2 years, 2 months ago

IHC from Abu Dhabi to invest $400 Million in Adani enterprises' FPO

Op India  

International Holding Company, an Abu Dhabi-based diversified conglomerate, on Monday announced that it will invest about USD 400 million into the Adani Enterprises’ follow-on public offer through its subsidiary Green Transmission Investment Holding RSC Limited. Adani Enterprises had filed a red herring prospectus with the markets regulator Securities and Exchange Board of India for the Rs 20,000 crore follow-on public …

Adani Group Acquires 23.5 Percent Stake in Mumbai International Airport, Aims 74 Percent Stake
4 years, 1 month ago

Adani Group Acquires 23.5 Percent Stake in Mumbai International Airport, Aims 74 Percent Stake

News 18  

Adani Group’s flagship holding company Adani Airport Holdings Ltd has acquired 23.5 per cent stake in the Mumbai International Airport Ltd from ACSA Global Ltd and Bid Services Division Ltd for Rs 1,685.25 crore. “Adani Airport Holdings Ltd has acquired 23.5 per cent equity stake i.e. 28,20,00,000 equity shares of Rs 10 of Mumbai International Airport Ltd from ACSA Global …

Emaar Properties bullish on Indian realty sector; eyes to develop joint venture projects, new markets
5 years, 5 months ago

Emaar Properties bullish on Indian realty sector; eyes to develop joint venture projects, new markets

Firstpost  

In 2005, Emaar Properties entered the Indian real estate market in partnership with MGF group and invested Rs 8,500 crore through joint venture Emaar MGF Land Ltd. New Delhi: Bullish on Indian realty market, Dubai-based Emaar Properties on Wednesday said it will continue to invest in the country’s real estate space by developing its land bank and acquiring projects through …

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