Stay updated with breaking news from Actis. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Ashoka Buildcon holds 66% stake in Ashoka Concessions, with SBI Macquarie holding the rest. SBI Macquarie had invested Rs 800 crore in Ashoka Concessions in 2012 through Macquarie-SBI Infrastructure Fund. Once the deal is materialised, SBI Macquarie will get an exit, receiving about ₹1,200 crore.
Mahindra Lifespace: The developer has approached the National Company Law Tribunal (NCLT) with an application to reduce its equity share capital and provide exit to both the entities. The tribunal has admitted the petition and fixed it for hearing in March.
Mahindra Homes petition states that the company is generating steady cash flows and intends to continue its existing business operations. However, there are no immediate plans of expanding the business or initiating new ventures and therefore it has decided to repatriate surplus funds to shareholders.
Cameroon has announced the forthcoming opening of formal negotiations with Actis for the acquisition of the British investment fund's 51% stake in
Actis has emerged as one of the most successful infrastructure investors in India over the last decade having built and sold two large renewable energy platforms. In 2018, Actis sold its Ostro to ReNew Power and in 2022, it sold Sprng Energy to energy major Shell.