The deal to take over India’s Essar Oil by Russia’s largest oil producer Rosneft has been completed. The deal, where Rosneft will hold a 49 per cent stake, will allow the Russian company to increase […]
Vodafone India and Idea Cellular have reportedly given formal mandates to investment banks, Morgan Stanley and Bank of America Merrill Lynch, to finalise buyers for the sale of their tower assets. While Vodafone India has […]
Orient Green Power Company Limited (OGPL) is planning to sell its biomass business to its promoter company – Shriram Ventures Limited. The enterprise value of the sale is estimated to be around Rs 2.75 billion. […]
Saudi Arabia-based Aramco is seeking a dialogue with India to buy a stake in the world’s biggest refinery-cum-petrochemical complex that the country plans to build in Maharashtra at a cost of $40 billion. Saudi Aramco […]
Petronet LNG Limited is in talks to acquire a 25 per cent equity stake in the Gujarat State Petroleum Corporation’s (GSPC) Mundra LNG terminal project. GSPC first offered its 50 per cent stake to Indian […]
The Union cabinet has granted in-principle approval to sell the government’s stake in state-owned airline Air India. The government has been exploring ways to privatise the loss-making national carrier, which was bailed out in 2012 […]
ONGC Videsh has signed definitive binding agreements with Tullow Namibia Limited, a wholly owned subsidiary of Tullow Oil plc, for acquiring a 30 per cent participating interest in Namibia Petroleum Exploration License 0037 for Blocks […]
The Edelweiss Asset Reconstruction Company has concluded the buyout of a majority stake in debt-ridden Adhunik Power and National Resources for Rs 28 billion. Most of the 24-member consortium, led by the State Bank of […]
PE firm Warburg Pincus has invested about Rs 7 billion ($100 million) in CleanMax Enviro Energy Solutions Private Limited, a rooftop solar project developer. Reportedly, it is Warburg’s seventh transaction in India in the past […]
GVK Power and Infrastructure Limited has sold its residual 10 per cent stake worth Rs 12.9 billion in Bangalore International Airport Limited to Fairfax India Holdings Corporation. The proceeds of the sale will be used […]
Tejas Networks has raised Rs 3.5 billion from 17 anchor investors through the allotment of 13.5 million shares. The move is a part of the company’s IPO which opened on June 14, 2017 and closed […]
PE-backed Indian Energy Exchange Limited, the country’s first exchange for trading of electricity and renewable energy certificates, has filed its draft red herring prospectus with SEBI for an IPO. The IPO comprises the sale of […]
The National Highways Authority of India (NHAI) has raised Rs 50 billion by selling 30-year bonds at a coupon rate of 7.24 per cent to the Life Insurance Corporation of India for funding road projects […]
The Pune Municipal Corporation (PMC) has become the first local body in the country to issue municipal bonds in nearly one and a half decades, raising Rs 2 billion for the smart city project. Domestic […]
The Rural Electrification Corporation (REC) has launched its first green bond on the London Stock Exchange (LSE) and raised $450 million to finance renewable energy projects in India. The 10-year dated green bond carries an […]
The International Finance Corporation, a member of the World Bank group, has bought green bonds worth Rs 6.67 billion ($103 million) sold by L&T Infrastructure Finance Company Limited, a subsidiary of L&T Finance Holdings Limited. […]
Adani Ports and Special Economic Zone Limited (APSEZL) has raised $275 million through unsecured notes. The notes are expected to be listed on Singapore Exchange Securities Trading Limited. APSEZL has raised the amount by the […]
China-led AIIB has approved a $150 million equity investment loan to the India Infrastructure Fund, the bank’s first such loan to fund private projects. The fund aims to invest in mid-cap infrastructure companies in India, […]
The centre has signed a loan agreement worth $275 million with ADB for the Madhya Pradesh Urban Services Improvement Project. The project aims at providing sustainable water supply to 64 towns, and creating integrated stormwater […]
The World Bank and the Asian Infrastructure Investment Bank (AIIB) have together agreed to extend a $380 million loan to Andhra Pradesh towards helping the southern state supply reliable, quality and affordable power to its […]
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