Two Euporean companies, including the world’s secondlargest energy utility, are in advanced discussions with DLF to buy the property developer’s
wind energy business, a person familiar with the development said.
Gaz de France (GDF) Suez, which has a market capitalisation of $80 billion, and renewable energy group Akuo Energy have completed due diligence and a final decision on pricing will be taken by the end of this month, the source added.
While the size of the deal is not known, DLF hopes to raise at least Rs 900 crore from the transaction which is being advised by Ernst & Young. A DLF representative told ET NOW that several bids have been received, but declined to disclose the identity of prospective buyers. Akuo Energy and GDF Suez did not reply to emails.
More : economictimes.indiatimes.com
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Regardless of the precise meaning either side attaches to the words used, the very mention of civil nuclear cooperation in Tuesdays summit-level joint declaration by India and China marks a turning point in bilateral relations between the Asian giants.
Considering the expansion of civil nuclear energy to be an essential and important component of their national plans to ensure energy security, India and China, the declaration said, agree to promote cooperation in the field of nuclear energy, consistent with their respective international commitments. The joint declaration, released after talks between Prime Minister Manmohan Singh and President Hu Jintao of China,
Indian property developer Unitech Ltd. is set to sell properties to meet loan repayments and land payments over the next few months, the companys head of corporate planning and strategy said in a telephone interview Wednesday.
We are trying to sell some of our nonresidential properties in the coming months to be able to meet our repayment obligations, R. Nagaraju said.
As growth in India slows and the credit crunch bites, a cold wind is blowing through this nations property sector: Consumers are becoming more cautious, banks have tightened lending and property prices are falling.
More : online.wsj.com
The nine-storey, 90 unit Fraser Suites New Delhi is situated within the newly developed business hub in the Mayur Vihar area, with direct access to the Metro and close to Central Delhi.
The five-star eco-friendly property is based on the Vastu Energy Grid and will use solar energy for lighting, heating and electricity.
The Frasers property offers incentive planners a range of amenities including a fully equipped business centre, health club and spa, swimming pool with pool deck, outdoor whirlpool, a wellness bar, retail offerings, café and restaurant.
Source : citmagazine.com
Unitech, the countrys second-largest listed real estate company, has put on the block all its six hotel projects under construction to reduce its capital expenditure and raise cash to fund its other ongoing projects. The company is in talks with a few private equity investors to sell all its six properties, being constructed at Gurgaon and Kolkata.
We are looking at divesting up to 100% stake in all six properties, comprising 1,000 rooms. We are also talking to a few private equity funds for this, but a deal hasn’t been clinched yet, a top executive at Unitechs hospitality arm told
Guwahati - Representatives of the outlawed United Liberation Front of Asom (ULFA) Sunday blamed New Delhi for jeopardising peace talks by stepping up military operations against the rebels.
The government of India will be responsible if the peace process breaks down even after three rounds of talks, the People’s Consultative Group (PCG) said in a statement.
The ULFA in October last year formed an 11-member PCG, a group of civil society leaders, to begin exploratory talks with New Delhi.
Three rounds of talks have already been held between the PCG and government peace negotiators - Prime Minister Manmohan Singh chaired the first meeting.
