The India Grid Trust has approved the acquisition of three power transmission assets comprising five transmission lines from Sterlite Power Grid Ventures Limited, the sponsor of the InvIT. The India Grid Trust will acquire the […]
Bharti Airtel will merge its operations with the Tata Group’s consumer mobile business, Tata Teleservices Limited (TTSL). Under the agreement, Bharti Airtel will take control of TTSL’s operations across the country in 19 circles. The […]
Reliance Communications (RCOM) has called off its merger with Aircel citing inordinate delays caused by legal and regulatory uncertainties, various interventions by vested interests, policy directives impacting bank financing for telecom, and changed industry dynamics. […]
Delhi-based e-commerce logistics solutions provider Ecom Express Private Limited has raised Rs 1.92 billion ($30 million) from existing investor Warburg Pincus. The funding was made via Warburg Pincus’s Eaglebay Investment unit. This is a part […]
The Ministry of Petroleum and Natural Gas (MoPNG) plans to offer stakes of up to 60 per cent in oil and gas fields owned by state energy companies that are already under production to private […]
IL&FS Transportation Networks Limited (ITNL) will divest a part of its stake in two road projects to Delhi-based Oriental Tollroads Private Limited. ITNL has signed an agreement with Oriental Tollroads for divesting 14.5 per cent […]
The board of Sical Logistics Limited has given in-principle approval to the proposal to initiate the purchase of the 26 per cent stake held by MMTC Limited in Sical Iron Ore Terminals Limited (SIOTL). The […]
The lenders of Essar Power Gujarat Limited (EPGL) have converted 51 per cent shares of the company pledged with them into equity, with the remaining 49 per cent being retained by Essar Power Limited. The […]
Shareholders of Jaiprakash Associates have approved the proposal to raise up to Rs 20 billion through the sale of securities via routes like qualified institutional placement. The special resolution was approved by the shareholders at […]
Renewable energy firm ACME Solar Holdings has filed preliminary papers with SEBI to raise Rs 22 billion through an IPO. Funds raised through the issue will be used to repay debt and to finance the […]
Seven Islands Shipping has filed preliminary papers with SEBI to raise Rs 4.5 million through an IPO. The IPO comprises a fresh issue of shares worth Rs 2 billion besides a sale of shares worth […]
The Indian Energy Exchange’s initial public offering (IPO) that opened for subscription on October 9, 2017, received bids for 12.05 million shares on the third and final day of bidding and was oversubscribed by 2.28 […]
Hyderabad-based Mytrah Energy Limited has raised Rs 18 billion from the Piramal Group’s financial services companies in the form of non-convertible debentures (NCDs). The NCDs, carrying a tenor of seven years, will be invested in […]
Public sector lender Indian Bank has raised Rs 20 billion through the issue of long-term bonds to finance infrastructure and affordable housing. The amount raised is part of the bank’s Rs 50 billion fundraising plan […]
The Inland Waterways Authority of India (IWAI) has raised extra budgetary resources (EBRs) amounting to Rs 6.6 billion as Government of India fully serviced bonds. These EBRs raised by way of bonds are in addition […]
The Japan International Cooperation Agency (JICA) has signed an official development assistance loan agreement worth $76 million (Rs 4.94 billion) with the Indian government for the upgradation of the environment management plan at the Alang-Sosiya […]
Air India has tied up with public sector lender Punjab National Bank and private lender IndusInd to secure loans to the tune of Rs 32.5 billion for meeting working capital requirements. The airline expects the […]
PFC has sanctioned a loan of Rs 40.09 billion to Telangana State Power Generation Corporation Limited for setting up the 4,000 MW (5×800 MW) coal-based Yadadri thermal power plant in Nalgonda district of the state. […]
Indian Renewable Energy Development Agency Limited has signed an agreement with Reliance Commercial Finance Limited (RCFL) to extend a Rs 3 billion loan to the latter. The loan will be used to lend to renewable […]
South Korea has extended a loan of Rs 350 billion to the Maharashtra government for the implementation of the Rs 460 billion Nagpur-Mumbai Super Communication Expressway project. Meanwhile, several South Korean companies have shown interest […]
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