CONSTRUCTION

Fairwinds PE eyes part-exit in Shankara Building Products’ IPO

September 29, 2016 | TEAM VCC

Shankara Building Products Ltd (formerly Shankara Infrastructure Materials Ltd) has filed its draft red herring prospectus with capital market regulator SEBI to float its initial public offering (IPO).

Essel Highways seeks debt funding from Aion Capital

September 23, 2016 | Bruhadeeswaran R

Essel Highways Ltd, a subsidiary of Essel Infraprojects Ltd, is looking to secure Rs 400 crore ($60 million) from special situations fund Aion Capital Partners, a joint investment platform of Apollo Global and ICICI Venture.

Madhucon Infra faces contempt charges as Tata Capital unit drags it to court

September 13, 2016 | Maulik Vyas

The Bombay High Court has asked Madhucon Infra Ltd to explain why it shouldn’t initiate action against the road developer for contempt in a case filed by Tata Capital Financial Service Ltd.

Blackstone sheds more stake in construction firm NCC

September 09, 2016 | Ranjani Raghavan

Private equity firm Blackstone has sold around half of its remaining stake in construction firm NCC Ltd (formerly Nagarjuna Construction Company Ltd).

Exclusive: BanyanTree makes a neat exit from Dilip Buildcon

September 08, 2016 | Debjyoti Roy

Private equity firm BanyanTree Capital completed its first full exit from its portfolio in a year, as it exited its investment in infrastructure firm Dilip Buildcon Ltd, which went public last month.

India competition regulator slaps $1 bn fine on 11 cement companies

August 31, 2016 | PTI

Competition Commission on Wednesday imposed more than Rs 6,700 crore penalty on 11 cement companies, including ACC and Binani, for cartelisation.

Govt clears proposal for quicker resolution of construction sector disputes

August 31, 2016 | Mansi Taneja

In an attempt to boost the construction sector and restart stalled projects, the Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the National Institution for Transforming India (Niti) Aayog’s policy note aimed to help debt-laden companies.

How was Blackstone's part-exit from construction firm NCC

August 25, 2016 | TEAM VCC

Private equity giant Blackstone has started liquidating another of its loss-making investments in an Indian listed company.

Dilip Buildcon gains 15% on stock market debut

August 11, 2016 | TEAM VCC

Construction company Dilip Buildcon Ltd gained on its stock market debut on Thursday with its shares listing at a 9.5% premium to the issue price and closing 15% higher.

Dilip Buildcon IPO oversubscribed around 20 times

August 03, 2016 | TEAM VCC

Construction company Dilip Buildcon Ltd’s initial public offering (IPO) saw applications for shares worth almost 21 times what it offered to sell at the end of the issue, led by corporate houses and high net-worth individuals (HNIs).

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