Category: Other Developments

Sapience Automata, an AI-powered driver assistance technology startup, has successfully raised Rs 0.01 billion in a seed round led by Inflection Point Ventures.

The National Asset Reconstruction Company of India Limited (NARCL) has presented a binding offer to creditors for the acquisition of Rs 9.88 billion debt associated with a road project undertaken by Essel Infraprojects in Ludhiana.

IL&FS has announced plans to sell its entire 26 per cent equity stake in Noida Toll Bridge Company Limited (NTBCL)…

The IL&FS group is poised to finalise its road infrastructure investment trust (InvIT), with the draft prospectus set to be filed with the Securities and Exchange Board of India (SEBI) soon.

IRB Infrastructure Trust has successfully concluded an upfront payment of Rs 61.11 billion to the NHAI for toll operate transfer (TOT) projects.

The Centre is set to auction completed road projects directly to private sector infrastructure investment trusts (InvITs) to increase global investor participation in India’s infrastructure development.

The assets under management (AUM) of infrastructure investment trusts (InvITs) and real estate investment trusts (REITs) are projected to increase by 15-20 per cent in 2024-25, reaching Rs. 7.5-8.0 trillion.

Two big Canadian pension funds, CPP Investments and the Ontario Teachers’ Pension Plan Board (OTPP) invested a total of…

The National Highways Infra Trust (NHIT) has completed the fundraising through ‘InvIT Round-3’ for national highway stretches spanning 889 km, achieving an enterprise value exceeding Rs 160 billion.

The National Highways Infra Trust (NHIT) intends to raise an additional debt of Rs 45 billion to facilitate the acquisition of two more operational road projects from its parent company, the NHAI.      

The initial public offering (IPO) of Bharat Highways InvIT, an infrastructure investment trust, saw a subscription of 37 per cent on its first day of offer.

Yedeshi Aurangabad Tollway Limited (YATL), a special purpose vehicle (SPV) of IRB Infrastructure Trust, has won in an arbitration dispute…

State Bank of India (SBI) is in advanced negotiations to downsell half of its approximately Rs 110 billion loan exposure to the Adani Group’s Ganga Expressway project.

IL&FS is set to sell its stakes in three road projects, including Baleshwar-Kharagpur Expressway, Jharkhand Infrastructure Implementation Company, and Jharkhand Road Projects Implementation Company, as part of the resolution process.

Dilip Buildcon Limited (DBL) aims to raise up to Rs 20 billion through a strategic collaboration with Alpha Alternatives Group.

Cube Highways Trust, managed by Cube Highways Fund Advisors, announced a distribution per unit (DPU) of Rs 2 for ordinary unitholders in the September quarter 2023.

The NHAI has embraced an innovative approach by accepting the first insurance surety bond for the toll operate transfer (TOT) bundle 14 monetisation bid.

IRB Infrastructure Developers Limited has announced a robust 30 per cent year-on-year growth in toll revenue, reaching Rs 4.47 billion in October 2023.

The National Highways Infrastructure Trust (NHIT) has sanctioned the base price for acquiring five highway stretches from the NHAI.

IL&FS plans to transfer a dozen of road assets to the Roadstar Infra Investment Trust (RIIT), but legal challenges and other issues have delayed the transfer of five assets.