Edelweiss Alternatives has completed a Rs 6,000 crore deal to acquire L&T Infrastructure Development Projects (LTIDPL), a joint venture owned by L&T and Canada Pension Plan Investment Board. The acquisition will give Edelweiss 100% ownership in the joint venture, which will include seven road assets and a 960 circuit km power transmission line.
The Reserve Bank of India (RBI) has cancelled the certificate of registration of seven non-banking finance companies (NBFC), three from Chhattisgarh, two each from Karnataka and Madhya Pradesh. Separately, the central bank has said that 14 NBFCs have surrendered their certificate of registration (CoR), including L&T Infrastructure Development Projects Limited.