IL&FS
IL&FS is a popular Engineering and Construction Company based in Hyderabad. The company came into limelight quite recently when it bagged the Bangalore Metro Contract, a plum project at Rs 326.99 crore. This contract has been bagged from BMRCL or Bangalore Metro Rail Corporation Limited. As part of this contract, the company will construct the [...] Continue Reading »
Mumbai will be sister city to China’s Shanghai according to a bilateral agreement that has been signed on Thursday between Mumbai mayor and her counterpart in Shanghai. Experts said that while this is a positive announcement for Mumbai but most important is that in realty the infrastructure change is made as per Sanghai standards and [...] Continue Reading »
There is a renewed interest in the infrastructure sector. Piramal Enterprises committed $1 billion in a tie-up with the Dutch pension fund APG Asset Management last month for the investment in the infrastructure sector. Now, three home-grown private fund managers – IL&FS, L&T Infrastructure Finance and IDFC Alternatives - are gearing up to raise $2.5 billion over the next six to eight [...] Continue Reading »
Japan-based diversified financial services firm Orix is understood to have evinced interest in buying the 8.34 percent stake owned by Central Bank in infrastructure development and finance company IL&FS, sources said, adding that six others were in the fray for the stake. The top three shareholders in the company are LIC with 25.34 percent, ORIX [...] Continue Reading »
The Ajay Piramal Group is exploring the possibility of buying into Infrastructure Leasing & Financial Services (IL&FS). The Piramal Group is an Indian multinational Company with presence in Pharmaceuticals, Healthcare Services, Life Sciences, Glass Manufacturing and Real Estate. The company’s legal and finance teams are busy charting out the contours of the proposed deal, which has been under negotiation [...] Continue Reading »
FDI in real estate as announced by the finance minister Arun Jaitley has already started picking momentum in the real estate market. IL&FS Investment Managers Ltd or ILFS IML, the private equity arm of the local infrastructure financier Infrastructure Leasing & Financial Services Ltd or IL&FS, will raise roughly $1 billion (Rs 6,000 crore). This [...] Continue Reading »
The submission of the request for qualification (RFQ) by the prospective bidders for the Navi Mumbai international airport project has been extended by one month by the project’s nodal agency, City and Industrial Development Corporation (Cidco). In a recent announcement, Cidco has revealed that the deadline for the submission of the RFQ released on February 5 has [...] Continue Reading »
PE firm Milestone Capital has sold a 2.5 lakh sq ft commercial property in Pune for about Rs 145 crore to a high-net-worth individual (HNI). This deal marks a potential renewal of interest among such investors in assets that provides constant rental return in addition to capital appreciation. The office building in Kalyani Nagar was [...] Continue Reading »
“We have seen interests from both global as well as domestic investor that is why there is a huge potential for investment in the infrastructure projects. Although we have seen a downfall recently but the market will be in pace in the coming months, “said by IL&FS Financial Services Managing Director and Chief Executive Officer [...] Continue Reading »
An official says that the IL&FS Financial Services expect to collect $1 billion of its targeted $5 billion infrastructure debt fund by September. The IL&FS Infra Asset Management which manages the infrastructure debt fund has planned to collect around $1 billion and hopes to increase the overall amount of $5 billion under management in the [...] Continue Reading »
