Domestic telecom services company Manana Innovations has acquired Gibraltar-based mobile value-added services firm The Tenable Group Limited (TTGL). Under the transaction, 80 per cent shareholding of TTGL has been transferred to the management of Manana […]
Reliance Communications (RCOM) and Aircel are likely to complete their merger by end-June 2016. Both RCOM and Aircel are likely to hold 50 per cent stake each in the merged entity, which will be the […]
Bharti Infratel is said to be in talks to acquire Tower Vision India. The latter is owned by a group of financial investors and has about 8,500 towers in India, with a tenancy ratio of […]
IL&FS Transportation Networks Limited (ITNL) has signed a definitive agreement with MAIF Investments India Private Limited for the sale of 8,313,800 equity shares of Rs 10 each held in Gujarat Road and Infrastructure Company Limited […]
RBI has allowed foreign investors to raise their holdings in Bharat Petroleum Corporation Limited (BPCL) to up to 49 per cent. Foreign institutional investors and registered foreign portfolio investors can now invest in up to […]
Greenko Energy Holdings has signed definitive agreements for the infusion of primary equity to the tune of $230 million – $80 million from an affiliate, GIC Singapore (which had acquired a majority stake in Greenko […]
The Tata Power Company is planning to raise up to Rs 40 billion by selling corporate bonds with the aim of funding its proposed acquisition of renewable energy assets from the Welspun Group. Tata Power […]
NTPC Limited has raised Rs 10.72 billion through the issue of bonds. The bonds were oversubscribed by 1.74 times, with bids received for Rs 13.05 billion against the issue size of Rs 7.5 billion. The […]
Axis Bank has raised $500 million through the issue of green bonds in the international market. While the final price of the bonds was 1.6 per cent over the US treasury, the initial price was […]
Adani Transmission Limited has raised Rs 7.5 billion through the issue of NCDs. The company has issued 7,500 rated, listed, taxable, secured and redeemable NCDs of face value Rs 1 million each on a private […]
Reliance Jio Infocomm Limited (RJIL) is planning to raise Rs 7.5 billion through the issuance of redeemable NCDs on a private placement basis. In April 2016, RJIL had floated a debenture issue of up to […]
The Ministry of Road Transport and Highways and the National Highways Authority of India (NHAI) are mulling over an option of raising funds through masala bonds. Masala bonds refer to a financial instrument through which […]
Crompton Greaves Consumer Electricals Limited (CGCL) has obtained shareholder approval to raise up to Rs 7 billion through the issuance of NCDs on a private placement basis. In April 2015, the Avantha Group had offloaded […]
Diversified group Piramal Enterprises has received approval from its board to raise up to Rs 3 billion through the issue of non-convertible debentures (NCDs) on a private placement basis. The company has, however, not specified the purpose […]
ONGC Videsh Limited (OVL) has taken a bridge loan of $1.2 billion from a group of foreign banks, at a highly competitive rate of about 1.3 per cent, to fund its acquisition of a 15 […]
Aurangabad Jalna Tollway Limited (AJTL), a wholly owned subsidiary of Sadbhav Infrastructure Project Limited, has completed the refinancing of its existing debt facilities with new debt taken from other lenders with revised terms and conditions. […]
GVK Power and Infrastructure Limited has sought shareholder approval to increase the maximum limit of loans and guarantees that can be given to other entities to Rs 150 billion. The company has sought approval under […]
The Asian Development Bank (ADB) and the Government of India have signed a $200 million loan agreement to upgrade 176 km of state roads in Jharkhand. The financing for the Jharkhand State Roads II Project […]
The central government has approved an investment of over Rs 55.3 billion for providing basic infrastructure in 111 cities across six states under the AMRUT scheme for the current fiscal year (2016-17). The central assistance […]
The Ministry of Urban Development (MoUD) has allocated Rs 2 billion under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme for linking water supply networks of 10 municipal corporations in Telangana with the […]
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