Adani Realty in talks to acquire Ozone Group for $1 billion

18 Dec 2021 CW Team

Adani Realty is in talks to acquire Indian developer Ozone Group at an enterprise value of around $1 billion, as per the people aware of the matter.

Adani Realty Limited aims to acquire the Bengaluru-based Ozone, which has an outstanding debt of over Rs 60 billion. Ozone has ongoing projects in Bengaluru, Chennai and Mumbai, as per the information available on its website.

As part of this deal, Adani’s 10-year-old developer arm will be acquiring the debt of Ozone which has been struggling to repay creditors. Ozone has supplied 13.5 million sq ft of real estate projects so far and has 48 million sq ft in different stages of development.

The closely-held real estate arm of the ports-to-power group, run by Asia’s second-richest person, will look for more stressed real estate firms and land parcels, they said, to expand the business rapidly. Adani Realty has been constructing residential and commercial projects of over 69 million sq ft across Indian cities of Mumbai, Ahmedabad, Kochi, Mundra, Gurgaon, as per the group website.

Image Source

Infrastructure Urban

03 Apr 2026

Centre Disburses Over Rs 24,610 mn in XV Finance Commission Grants

The Union Government has released XV Finance Commission tied grants during the financial year 2025–26 to rural local bodies in Chhattisgarh, Gujarat, Madhya Pradesh, Punjab and Sikkim and has released withheld portions of tied and untied grants to Himachal Pradesh, Odisha and Tripura. The total disbursal exceeded Rs 24,610 mn, with figures expressed in million (mn) thereafter. The releases cover allocations pertaining to different financial years and aim to strengthen rural local governance. State-wise disbursements included Rs 3,324.6 mn for Punjab, Rs 9,432.7 mn for Madhya Pradesh, Rs 3,47..

Centre Releases Over Rs 15 bn as XV FC Grants to Rural Bodies

The Union Government has released over Rs 15 bn in grants recommended by the Fifteenth Finance Commission (XV FC) to strengthen Panchayati Raj Institutions (PRIs) and Rural Local Bodies (RLBs) in six states. The funds comprise tied and untied grants disbursed in FY 2025–26. Telangana received Rs 2.48 bn as the first instalment of untied grants for FY 2025–26, benefitting 12600 Gram Panchayats (GPs). Uttarakhand received Rs 913.1 mn as the second instalment and an additional Rs 18.4 mn of a withheld first instalment was released to a further 216 GPs. Mizoram is included among beneficiary st..

Government Assures Fuel Supplies And Seafarer Safety Amid West Asia Developments

The Government of India has stepped up coordinated measures to maintain stability in critical sectors as developments in West Asia continue to unfold. It has prioritised uninterrupted energy supplies, safeguarded maritime operations and extended consular assistance to nationals. Central authorities are working with State and Union territory administrations to ensure timely information dissemination and operational continuity. Refineries are reported to be operating at high capacity with adequate inventories of petrol and diesel, and domestic LPG production has been increased to support consump..