Bidya Sapam

Brookfield close to acquiring India’s Leela hotels for $627m

Leelaventure owns five luxury hotels comprising over 1,400 rooms in New Delhi, Bengaluru, Chennai, Mumbai and Udaipur.


India: Blackstone in talks to acquire Adani’s BKC property for $270m

The private equity firm stepped in after Shapoorji Pallonji backed out from buying the 10-storey building in Mumbai’s latest financial district.


Lodha Developers plans to raise up to $704m from sale of UK assets, PE route

LDL is selling its equity interest in the two UK assets for about Rs4,200 crores – this will bring significant cash into LDL and strengthen its balance sheet.


Indian Hotels plans to sell 10 properties over next 3 years to cut debt

The Tata Group firm aims to reduce its consolidated debt by 30% in the next 18 months, mainly through asset monetization.


Blackstone-backed Panchshil enters warehousing, may exit residential business

Under the new platform, Panchshil plans to build 2 million sq. ft of warehousing and light industrial space.


Kapoor family in talks to sell RK Studio to Godrej Properties for $27.2m

The Kapoor family including brothers Rishi, Randhir and Rajiv, have been in talks with several developers to sell 1.6 acres of the two-acre property in Mumbai.


Singapore’s Mapletree may buy Chennai IT park from CPPIB JV for up to $327m

Singapore sovereign fund GIC, which was bidding along with Mumbai-based K. Raheja Corp, is out of the fray.


PE-backed Shriram Properties plans to file draft IPO papers by December

TPG Capital, Starwood Capital, Walton Street Capital and Tata Capital, which hold a combined 58% stake in Shriram Properties, will partly monetize their shares in the proposed IPO.


India: Shapoorji plans to raise $271m from land assets, $200m more from SCPE, Actis, others

Shapoorji plans to monetize about 100 acres of land over the next two years to raise about Rs 2,000 crore, bulk of which will be used to repay debt.


Tata’s retail arm Trent to acquire Lodha office space in Mumbai for $27m

Trent Ltd is close to buying around 120,000 sq. ft of space at a Lodha group property coming up at Wadala in central Mumbai .