India Digest: Adani Ports, Digit, Reliance Infra in M&A; NBCC sells office space

In the latest M&A deals, Adani Ports and Special Economic Zone Ltd has signed an agreement to acquire 97 per cent stake in Marine Infrastructure Developers Pvt. Ltd while Fairfax Financial Holdings unit Digit Insurance has fully acquired privately owned reinsurer ITI Reinsurance from Fortune Financial Services. In other updates, MERC has approved the proposed stake sale of Reliance Infrastructure’s integrated Mumbai power business to Adani Transmission Ltd and state-owned NBCC has sold nearly 28,000 sq ft office space at Okhla in the national capital to Balmer Lawrie & Co.