IDFC
An investors’ consortium led by IDFC Private Equity is in initial talks with the GVK Group to buy a significant minority stake in its airports business for $400 million (Rs 2,500 crore). The PE firm has very recently raised $644 million for an infrastructure fund and invests in roads, power and airport developers. The deal [...] Continue Reading »
IDFC, the leading banker, is in talks over the takeover of the Delhi-Gurgaon Expressway project from the present concessionaire, Delhi-Gurgaon Super Connectivity Ltd (DGSCL). The NHAI has given its approval to IDFC’s purchase of 74% stake in the project. Reports said that the approval does not imply that the company had taken over the project [...] Continue Reading »
Bangalore- Chetan Dave, head of IDFC Alternatives real estate investment team, has resigned from his post due to mismatch of interests between him and the rest of the management, as said by sources. Dave had joined IDFC Alternatives in June 2010. His position is expected to be taken up by Satish Mandhana, currently managing partner [...] Continue Reading »
ASK Property Investment Advisors, the property fund arm of ASK Group, plans to launch a $200 million (Rs 1,100 crore) international realty fund next month. When it launches the fund, ASK will join the league of HDFC, IDFC, IL&FS, Indiareit, Kotak and Tata Realty & Infrastucture, which are planning to launch foreign realty funds. ASK [...] Continue Reading »
