GCCs Lead India’s Office Leasing with 42 Per Cent Share in FY 2025
Global Capability Centres (GCCs) emerged as the primary driver of India’s office space demand in FY 2025, accounting for 42 per cent of the pan-India absorption, up marginally from 41 per cent in FY 2024, according to Vestian’s latest report. In absolute terms, GCC leasing grew 24 per cent year-on-year to reach 31.8 million sq ft. While the total leased area expanded, the number of GCC transactions declined by 4 per cent to 305, highlighting a growing preference for larger spaces and long-term expansion. Notably, large transactions—leases above 1 lakh sq ft—rose by 44 per cent, fr..
JSW Paints to Acquire Majority Stake in Akzo Nobel India
JSW Paints has signed definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India Limited (ANIL) from Akzo Nobel N.V. and its affiliates. The proposed transaction is valued at up to Rs 89.86 billion, subject to closing adjustments. The deal is contingent on approval from the Competition Commission of India and the successful completion of a mandatory open offer to ANIL’s public shareholders. Part of the US$ 23 billion JSW Group, JSW Paints is among the fastest-growing players in India's paint industry. ANIL, a key player in decorative and industrial paints, brin..
Greenko Founders Secure $650 Million Loan to Reclaim Stake
Greenko Energy Holdings co founders Anil Chalamalasetty and Mahesh Kolli have clinched a $650 million private credit facility that will enable them to repurchase 17.5 per cent of the clean energy producer from Japan’s Orix Corp, leaving Orix with a residual 2.5 per cent.The two year loan comes from a consortium of lenders including Keppel Credit, SeaTown Holdings International, BlackRock, Varde Partners, Broad Peak Investment Advisers, Nomura and Sumitomo Mitsui Banking Corp. The transaction is one of India’s largest private credit financings this year, reflec..
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