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

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..