GMR Airports Infrastructure Limited (GIL), formerly GMR Infrastructure Limited, has signed a significant Share Purchase Agreement (SPA) with Fraport AG Frankfurt Airport Services Worldwide, marking a pivotal moment in the aviation sector. Through this agreement, GIL will purchase Fraport’s 10% minority equity stake in Delhi International Airport Limited (DIAL) for an estimated USD 126 million. […]
In a significant development in the real estate investment sector, Starwood Capital Group, a prominent global private investment firm with a focus on real estate, announced its acquisition of a 10.7% equity stake in ESR Group. This structured transaction, carried out alongside ESR Co-Founders Stuart Gibson and Charles de Portes, marks a strategic move to […]
In a major business move set to reshape its renewable energy portfolio, the Oil and Natural Gas Corporation (ONGC) is poised to acquire a whopping 100% equity stake in PTC Energy Limited (PEL). This acquisition, which comes at an equity value of ₹925 Crore, marks a significant diversification for ONGC beyond its core E&P (Exploration […]