Data & Statistics
Month: January 2016
Construction in India
Construction in India
Roads & Bridges
Opening Up Avenues: Delhi-Meerut expressway to boost industrial and residential growth
The central government laid the foundation stone for the Rs 75.7 billion Delhi-Meerut Expressway (DME) project on December 31, 2015. This is the first project to be developed on the long-awaited hybrid annuity model. Under […]
Mergers & Acquisitions
Bharti Airtel acquires 74 per cent stake in Augere Wireless
Bharti Airtel has completed the acquisition of 74 per cent stake in Augere Wireless Broadband India. The operator had announced its decision to acquire Augere Wireless in August 2015. The same was approved by its […]
Equity Moves
GMR Infrastructure plans restructuring of its holdings in GMR Airports
GMR Infrastructure Limited (GIL) has decided to restructure its holdings in its airports vertical, GMR Airports Limited (GAL), for which agreements have been executed. As per the terms of the agreements, GIL is entitled to […]
Equity Moves
IFCI sells 0.17 per cent stake in NSE
Financial institution IFCI Limited has sold 0.17 per cent stake in the National Stock Exchange (NSE) for Rs 296 million. Without disclosing the name of the buyer, IFCI said it had sold 75,000 shares at Rs 3,950 […]
Equity Moves
Welspun Enterprises sells 37 per cent stake in road project to IDFC fund
Welspun Enterprises Limited has entered into a definitive agreement with India Infrastructure Fund II, which is an alternate fund sponsored by IDFC. As per the agreement, the company has sold 37 per cent equity stake […]
Equity Moves
Essar Group completed delisting of Essar Oil
The Essar Group has completed the delisting of Essar Oil. The group now has only one listed company, Essar Shipping, which has a market capitalisation of Rs 5 billion. The delisting of Essar Oil led […]
Equity Moves
BNP Paribas acquires 5 per cent stake in SREI
Srei Infrastructure Finance (SREI), Srei Equipment Finance Limited (SEFL) and the BNP Paribas Lease Group (BPLG) have entered into a share purchase agreement, whereby BPLG has agreed to acquire 25,154,317 equity shares of SREI, representing […]
Equity Moves
Jet Airways in talks with Etihad Airways to raise up to $400 million worth bonds
Jet Airways is in talks with Etihad Airways to raise up to $400 million via convertible bonds, partly to reduce the former’s debt obligation and partly to expand its operations. This will increase Etihad’s stake […]
Equity Moves
Jaiprakash Associates sells Bhilai grinding plant to Shree Cements
Jaiprakash Associates Limited (JAL) is selling its 2.1 million tonne per year capacity split grinding plant at Bhilai, Chattisgarh to Shree Cements Limited for an enterprise value of Rs 21-22 billion. This is an attempt […]
Equity Moves
Nokia acquires Alcatel-Lucent
France’s stock market regulatory body, AMF, has stated in a provisional report that Finnish telecom group Nokia’s $17 billion all-share offer for French-American rival Alcatel-Lucent has been successful. The report stated that the minimal condition […]
Equity Moves
Tata Capital Innovations Fund invests $5 million in Alef Mobitech Solutions
The Tata Capital Innovations Fund, a private equity fund managed by Tata Capital, has invested about $5 million in mobile internet solutions provider Alef Mobitech Solutions. Alef Mobitech Solutions is a subsidiary of US-based Alef […]
Equity Moves
PNC Infratech sells its shares in JTCL to Viva Highways
PNC Infratech Limited has announced the completion of a transaction involving the sale of equity shares of Jaora-Nayagaon Toll Road Company Limited (JTCL) to Viva Highways Limited for a consideration of Rs 341.94 million. PNC […]
Loans
Essel Infraprojects raises Rs 6 billion worth NCDs
Essel Infraprojects Limited has raised Rs 6 billion through non-convertible debentures (NCDs) at a semi-annual coupon rate of 9.05 per cent per annum for a project entailing four-laning of the Lucknow-Rae Bareli section. The project […]
Loans
Sadbhav Infrastructure’s subsidiary NSEL refinances ECB debt
Nagpur Seoni Expressway Limited (NSEL), a wholly owned subsidiary of Sadbhav Infrastructure Project Limited, has refinanced its existing external commercial borrowing debt facilities by the issuance of AAA (SO) NCDs to investors with revised terms […]
Loans
IREDA sells tax-free bonds worth up to Rs 17.16 billion
The Indian Renewable Energy Development Agency (IREDA) started selling up to Rs 17.16 billion worth of tax-free bonds from January 8, 2016. These bonds offer a generous yield at the highest interest rate seen so […]
Loans
Torrent Power receives shareholders’ nod to raise debt
Torrent Power Limited has received shareholders’ approval to raise debt with an option for lenders to convert it into equity upon certain conditions. As per the resolution passed by the shareholders, this would apply to […]
Loans
Tata Power refinances loans worth Rs 38.64 billion for Mundra power project
Tata Power Company Limited has refinanced outstanding rupee loans to the tune of Rs 38.64 billion for its 4,000 MW Mundra ultra mega power project (UMPP) in Gujarat. This is likely to yield savings of […]