Ezine Archive
April Issue 2017
April Issue 2017
Month: April 2017
Editorial
April 2017: EDITOR Devangshu Datta
The political establishment has consistently sent out mixed signals regarding the multiple roles played by Indian Railways. On the one hand, IR has to be a key transporter, moving goods and people across the country […]
Special Section
Huge Opportunity: ITS to drive smart mobility under Smart Cities Mission
The rapid urbanisation of existing cities and the increasing number of urban habitations have inevitably led to mounting stress on city infrastructure. Addressing the issue of mobility and traffic bottlenecks has thus emerged as a […]
Equity Moves
ITNL sells stake in APEL to Cube Highways
IL&FS Transportation Networks Limited (ITNL) has sold its entire stake in Andhra Pradesh Expressway Limited (APEL) to Cube Highways and Infrastructure Private Limited for Rs 14 billion. APEL is an SPV incorporated in November 2005 […]
Equity Moves
RCOM-Brookfield tower deal approved by CCI
The Competition Commission of India (CCI) has approved Reliance Communications’ (RCOM) proposed sale of a 51 per cent stake in Reliance Infratel Limited to Canada-based Brookfield Infrastructure Group. In October 2016, RCOM had signed a […]
Equity Moves
Airtel sells 10.3 per cent stake in Bharti Infratel to KKR, CPPIB
Bharti Airtel has completed the secondary sale of a 10.3 per cent stake in its subsidiary, Bharti Infratel Limited, to a consortium of funds including private equity firm KKR and Canada Pension Plan Investments Board […]
Equity Moves
GVK Group sells 33 per cent stake in BIAL to Fairfax
GVK Power and Infrastructure Limited has completed the sale of a 33 per cent equity stake in Bangalore International Airport Limited (BIAL) to FIH Mauritius Investments Limited and the Fairfax India Holdings Corporation. The divestment […]
IPO/QIP
RInfra to raise up to $306 million via QIP
RInfra has approved raising as much as $306 million (Rs 20 billion) through a private placement of shares to institutional investors. The company will use the funds to be raised via a qualified institutional placement […]
IPO/QIP
Cochin Shipyard files DRHP for its IPO
Cochin Shipyard Limited (CSL) has filed the draft red herring prospectus (DRHP) with SEBI, for an IPO. Reportedly, CSL is planning to raise around Rs 15 billion (around $230 million) from its maiden public offering […]
IPO/QIP
ReNew Power plans IPO to raise up to $600 million
Clean energy producer ReNew Power is planning an initial public offering (IPO) of shares to raise up to $600 million after it closed the latest round of funding from Japan’s JERA Co. Inc.. Investors such […]
Loans
PFC signs loan agreement worth Rs 30 billion with MSEDCL
PFC has signed a loan agreement with Maharashtra State Electricity Distribution Company Limited (MSEDCL). The loan will provide financial assistance of Rs 30 billion to the distribution company. It will help MSEDCL clear its outstanding […]
Bonds/ Debentures
NDB plans to raise $500 million via masala bonds, hike lending to India
The New Development Bank (NDB) proposes to raise $300 million-$500 million through masala bonds and increase its exposure to infrastructure projects in India to $600 million-$700 million during 2017-18. The bank is planning the issue […]
Bonds/ Debentures
IWAI raises Rs 3.4 billion via bonds
The Inland Waterways Authority of India (IWAI) has raised funds amounting to Rs 3.4 billion through its maiden bond issue from the market. The fully serviced Government of India bonds were privately placed with banks […]
Bonds/Securities
TN, Telangana, MP to issue UDAY bonds worth Rs 181.08 billion
Madhya Pradesh, Tamil Nadu and Telangana plan to issue UDAY bonds to raise Rs 181.08 billion. The bonds will be issued by the states on a private placement basis. While Tamil Nadu will offer bonds […]
Bonds/Securities
Airtel gets shareholder nod to raise Rs 100 billion via NCDs
Bharti Airtel has received shareholder approval to raise up to Rs 100 billion in debt. The amount will be raised via the issue of unsecured/secured redeemable non-convertible debentures/bonds by way of private placement. The shareholders […]
Bonds/ Debentures
Kandla port to raise Rs 10 billion via ECBs to fund expansion projects
The Kandla Port Trust (KPT) plans to raise Rs 10 billion through external commercial borrowings to fund its capacity augmentation projects. KPT has already appointed SBI Capital Markets as the consultant for the same. Reportedly, […]
InvITs/REITs
Rinfra‘s Rs 30 billion InvIT fund gets NHAI approval
Reliance Infrastructure Limited (RInfra) has reportedly received the National Highways Authority of India’s (NHAI) consent for its planned Rs 30 billion infrastructure investment fund (InvIT). The company plans to come out with the issue around […]
Loans
JICA extends ODA loan worth Rs 110 billion for various infrastructure projects
The Japan International Cooperation Agency has extended an official development assistance (ODA) loan worth Rs 110 billion for various infrastructure projects in the country. These include the Chennai Metro Rail Phase I Extension Project (ODA […]
Loans
EIB approves Euro 200 million loan to SBI for solar projects
The European Investment Bank has approved a Euro 200 million (Rs 14 billion) long-term loan for the State Bank of India (SBI) to finance solar projects across the country. The interest on the loan will […]
Sanctions/ Grants
Visakhapatnam gets Rs 250 million grant for water supply
The Greater Visakhapatnam Municipal Corporation (GVMC) in Andhra Pradesh has sanctioned Rs 250 million for water supply works under its summer action plan. The civic agency will undertake works to ensure that all borewells and […]