Infrastructure

Infrastructure and construction company, NCC is in final talks with an overseas investor for a stake sale in its 1,320-MW power plant which it is executing in Krishnapatnam through a JV, BL states.

Everstone Capital has raised $250 Mn (over R1350 Cr) from global investors to build industrial warehousing in the country, TOI stated.

Tata Opportunities Fund is set to buy Actis’s stake in TRIL Roads Pvt Ltd, as stated by ET.

Hyderabad based construction company, Transstroy (India) Limited is planning to list its step up subsidiary on the Singapore Stock Exchange by September, BL states.

HCC aims to raise up to R1,000 Cr by selling stake in real estate and non- core infrastructure assets for paring some of its debt and reducing the strain on its balance sheet, according to ET.

L&T's NBFC arm, L&T Infrastructure Finance is on course to launch its maiden debt fund with a corpus of $500 Mn, ET states.

Aastha Minmet India has filed a DRHP with SEBI. It is looking forward to raise R42 Cr. by getting listed on BSE, NSE and MCX-SX. It plans to acquire Chrome Ore Mine in Turkey and meet its working capital requirements with the proceeds from issue.

Homeland Mining and Energy SA Proprietary Ltd., in which GMR holds a majority stake, is divesting its 50% shareholding in Tshedza Mining Resource (Pty) Ltd. for $12 Mn.GMR holds 55.84% stake in Homeland Energy Group. Homeland Mining is also selling of its entire stake in Ferret Coal ...

Dredging Corporation of India is planning to raise R500 Cr by tax-free bonds. The tenure of the bonds is 10 year and 40% of the issue is earmarked for retail investors.