CCI Clears Temasek And Ivanhoe Cambridge India Realty Deal

09 Oct 2025 CW Team

The Competition Commission of India (CCI) has approved a proposed combination involving Jongsong Investments Pte Ltd, Ivanhoe Cambridge Singapore Investments II Pte Ltd (IC Singapore), and several Singapore-based holding entities with investments in India’s real estate sector.

The approved transaction includes Jongsong Investments, an indirect wholly owned subsidiary of Temasek Holdings, and IC Singapore, a wholly owned subsidiary of Ivanhoe Cambridge Inc — the real estate arm of Canada’s Caisse de dépôt et placement du Québec (CDPQ).

Under the approved structure, Jongsong Investments will acquire 20 per cent of the equity share capital in six entities — Adamas Asset Holdings Pte Ltd (AHPL), RGIP Holdings Pte Ltd (RHPL), Vikhroli Holdings Pte Ltd (VHPL), Airoli Holdings Pte Ltd (AIHPL), Bangalore Asset 2 Pte Ltd, and Bangalore Asset 3 Pte Ltd.

Meanwhile, IC Singapore will acquire a 40 per cent equity stake in Bangalore Asset 2 and Bangalore Asset 3 Pte Ltd, strengthening its position in India’s commercial real estate segment.

Temasek Holdings, incorporated in Singapore, is a global investment company with a diversified portfolio spanning financial services, telecommunications, media and technology, consumer and real estate, life sciences, industrials, and agri-food sectors. Its subsidiary, Jongsong Investments, serves as an investment holding entity.

Ivanhoe Cambridge, through its Singapore subsidiary, develops and invests in real estate assets and companies worldwide, with an expanding portfolio in India’s commercial property market.

The entities involved in both transactions are incorporated in Singapore and operate primarily as investment holding companies with exposure to Indian real estate assets.

A detailed order outlining the CCI’s decision and conditions will be issued separately.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..