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Construction & Infrastructure News

GMR completes divestment of its majority stake in GUEPL

March 2014

The GMR Group has recently announced the successful completion of the divestment of its majority stake (74 per cent) in GMR Ulundurpet Expressways Pv...

Expressway, Divestment, Stake, IIF, GUEPL, Stake, IIF

GVK to sell stake in two road projects in India

January 2014

Hyderabad based GVK Power and Infrastructure is planning to divest stake in Jaipur-Kishangarh project and the Bagodara-Vasad project along with its I...

Road, Project, Stake, Bagodara, Vasad, Jaipur, Kishangarh

Centre exploring selling IOC stake to other oil PSUs to meet divestment target

January 2014

The empowered group of ministers (EGoM) led by Finance Minister P Chidamabaram had deferred a decision on the divestment of state-run Indian Oil Corp...

Divestment, Stake, Oil, ONGC, Oil India

Infra players looking to sell stakes for reducing debt burden

January 2014

Top infrastructure players like L&T, GVK and Jaypee are selling or looking to sell their project stakes and subsidiaries in the near term.This is to ...

Infrastructure Companies, Debt Burden, Selling Stakes, Subsidiaries

Gayatri to cut stake in NCC Power Projects

December 2013

Infrastructure company Gayatri Projects has proposed to dilute its stake in NCC Power Projects to below 45 per cent. Gayatri's wholly owned subsidiar...

Gayatri Projects, stake, NCC Power Projects, Gayatri Energy Ventures, NCC Power Projects, Nellore district, Andhra Pradesh

Malaysia Airports to buy 40% GMR stake in Turkish Airport

December 2013

In GMR Infrastructure's Istanbul's Sabiha Gokcen International Airport project, Malaysia Airports Holdings Berhad plans to buy the entire 40 per cent...

GMR Infrastructure, Istanbul, Sabiha Gokcen International Airport project, Malaysia Airports Holdings Berhad, stake, GMR Infrastructure

Govt to take a call on stake sale in Balco, Hindustan Zinc

December 2013

To sell government's stake in Balco and Hindustan Zinc, Prime Minister Manmohan Singh will preside over a meeting, scheduled on November 29, that cou...

government's stake in Balco, Hindustan Zinc, Prime Minister Manmohan Singh, divestment

Nilons to divest stake to partner

December 2013

Media reports say that Nilon’s is planning to divest upto 49 per cent stake to induct a strategic partner and provide an exit to NRI investor, Kirit ...

Nilon, stake, Kirit Pathak, Nilon's Enterprises
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