The American Tower Corporation (ATC) plans to buy approximately 20,000 stand-alone towers of Vodafone India and Idea Cellular in an all-cash deal valued at just over $1 billion. Vodafone India and Idea Cellular have decided […]
Adani Transmission Limited (ATL) has acquired the operational transmission assets of Reliance Infrastructure Limited’s (RInfra) Western Region System Strengthening Schemes for Rs 10 billion. RInfra will utilise the proceeds from the asset sale for debt […]
RCOM has completed the Sistema Shyam TeleServices (SSTL) merger transaction, upon attaining approvals from all relevant regulators and courts. RCOM’s board of directors took on record the demerger of SSTL’s telecom business in India, run […]
Brookfield Infrastructure has called off its deal worth $200 million with RCOM since the deal was dependent on RCOM’s merger with Aircel, which was called off in October . According to Brookfield, the merger will […]
Five investors have reportedly put in non-binding bids to buy a stake of about 35 per cent in Jaiprakash Power Ventures Limited (JPVL). Initially, JPVL had received expressions of interest from 11 players; however, now […]
Reliance Communications (RCOM) has presented a fresh plan to recast its Rs 450 billion debt. The plan includes converting Rs 70 billion of debt into equity by banks and handing over the majority stake to […]
Reportedly, Bharat Road Network Limited (BRNL) has acquired the remaining 51 per cent stake in Guruvayoor Infrastructure Private Limited (GIPL), a concession company that operates and maintains the 259.76 km Thrissur-Angamali section of National Highway-47 […]
The Union cabinet has approved the sale of its entire 73.47 per cent stake in the Dredging Corporation of India (DCI). The deal is expected to fetch Rs 14 billion-Rs 15 billion to the exchequer. […]
The Ministry of Petroleum and Natural Gas (MoPNG) has approached the cabinet to allow private companies to take a 60 per cent stake in 15 oil and gas producing fields of national oil companies Oil […]
Qatar-based investor Three Pillars Pte Limited has offloaded its 5 per cent stake in Bharti Airtel for about Rs 96 billion. The shares were bought by HDFC Life, ICICI Pru Life Insurance, SBI Life, ICICI […]
Cube Highways and Infrastructure Private Limited, a road platform formed by I Squared Capital and the World Bank’s International Finance Corporation, has signed definitive agreements for a minority stake sale to sovereign wealth fund Abu […]
SPML Infra Limited has implemented the Scheme for Sustainable Structuring of Stressed Assets for converting Rs 5.46 billion of its Rs 11.17 billion debt into optionally convertible debentures (OCDs). The OCDs have a tenor of […]
GMR Hyderabad International Airport Limited (GHIAL) is planning to raise $350 million (about Rs 22.76 billion) in the international bond market. This is the third consecutive US dollar bond offering by the GMR Group. GHIAL […]
Tata Teleservices (Maharashtra) Limited’s (TTML) board of directors has cleared a proposal for raising up to Rs 200 billion either through an issue of preference shares to promoters or via debentures. The move comes close […]
The Greenko Group has raised Rs 30 billion from 10-year rupee-denominated bonds through 10 special purpose vehicles. The bonds offer a semi-annual interest rate of 8.75 per cent and will be used to develop a […]
Power Grid Corporation of India Limited is planning to raise Rs 30 billion through masala bonds by end-March 2018. The company has already approached the Reserve bank of India to seek approval for the same. […]
The National Highways Authority of India (NHAI) plans to raise Rs 100 billion by selling 10-year bonds at a coupon rate of 7.5 per cent. The Ministry of Road Transport and Highways has further proposed […]
The State Bank of India (SBI) has extended loans of over Rs 23 billion to seven companies for financing 575 MW of grid-connected solar rooftop projects. These companies are JSW Energy, Tata Renewable Energy, the […]
Energy Efficiency Services Limited (EESL) has entered into a partnership with the Global Environmental Facility (GEF) to receive funding of $454 million for the Creating and Sustaining Markets for Energy Efficiency project. The funding, which […]
KfW, the German development bank, will provide a Rs 11.5 billion loan to the Uttarakhand government to implement projects under the Namami Gange programme. The loan will be utilised to set up a network of […]
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