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Construction & Infrastructure News

GMR sells 74 per cent stake in TN highway project for Rs 222 cr

September 2013

To sell a major stake in its Ulundurpet highway project in Tamil Nadu for Rs 222 crore, Bangalore-based infrastructure major GMR is in pact with IDFC...

stake, Ulundurpet highway project, Tamil Nadu, Bangalore-based, GMR, IDFC, India Infrastructure Fund

Vontobel buys stake in Westlife Development

September 2013

Vontobel has acquired 94,12,000 shares of Westlife Development, which constitute 6.26 per cent stake, for a total of Rs 321 crore through open market...

Vontobel, Westlife Development, stake, Bombay Stock Exchange

Vodafone to sell its Verizon stake for $130 bn

September 2013

For a sum of $130 billion, Vodafone agreed to sell its 45 per cent stake in US mobile operator Verizon Wireless to Verizon Communications, bringing a...

Vodafone, stake, US mobile operator, Verizon Wireless, Verizon Communications

New Silk Route acquires 51% stake in Mumbais Moshes

September 2013

Private equity firm, New Silk Route, which last year invested Rs 200 crore in Bangalore-based South Indian vegetarian restaurant and fast food chain ...

New Silk Route, Bangalore, Adiga’s stake

Centre to offer 100% stake to private parties at six airports

September 2013

With an open offer of 100 per cent stake to private companies for airport management, the Union Ministry of Civil Aviation will soon float request fo...

stake, private companies, airport management, Union Ministry of Civil Aviation

ONGC to buy stake in Anadarko Mozambique gas block

August 2013

Indian government-owned Oil and Natural Gas Corp (ONGC) is to buy 10 per cent stake in a gas field offshore Mozambique from Anadarko Petroleum Corp (...

Oil and Natural Gas Corp, stake, Mozambique, Anadarko Petroleum Corp

JP Associates may sell cement unit

August 2013

Media reports indicate that lenders to JP Associates are forcing the company to sell its Gujarat-based 4.8 mn t cement plant in order to repay part ...

Jaypee Group, JP Associates, cement, plant, manufacturing, sale, stake

McGraw Hill Financial buys 15.1% equity in Crisil

August 2013

By acquiring 15.1 per cent equity shares worth Rs 1,290 crore ($214 million) in Crisil, the McGraw Hill Financial has raised its stake in the credit ...

equity shares, McGraw Hill Financial, stake
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