Reliance Marcellus II LLC, a subsidiary of Reliance Holding USA, Inc. and Reliance Industries Limited (RIL), has completed the sale of one of its three upstream shale gas assets in the US to BKV Chelsea, […]
Vodafone India and Idea Cellular have separately agreed to sell their respective stand-alone tower businesses in India to American Tower Corporation Telecom Infrastructure Private Limited (ATC TIPL) for an aggregate enterprise value of $1.2 billion. […]
Reportedly, five companies have submitted expression of interest bids for acquiring a stake in the Dahej greenfield port project. The companies are JSW Infrastructure Limited, IMC Limited, Essar Ports Limited, Shapoorji Pallonji & Company Limited […]
Petronet LNG Limited (PLL) has dropped its plans to buy a 25 per cent stake in Gujarat State Petroleum Corporation’s (GSPC) Mundra LNG import terminal in Gujarat, in order to allow its promoter Indian Oil […]
Bharti Airtel has divested 83 million shares of its subsidiary Bharti Infratel for Rs 33.25 billion through a secondary share sale in the stock market. The sale was executed at a price of Rs 400.60 […]
ONGC Videsh Limited (OVL), the overseas investment arm of the Oil and Natural Gas Corporation (ONGC), has acquired a 15 per cent stake in Namibia’s offshore Block 2012A from Tullow Oil. OVL executed the deal […]
Lenders to GTL Infrastructure have received bids for the acquisition of a 58 per cent stake in the telecom tower company. Among the bidders are the Bain-Piramal joint venture asset reconstruction company, Aion Capital and […]
The Competition Commission of India (CCI) has permitted the intra-group transfer of shares of Indus Towers to Vodafone India’s shareholders from the telecom operator. According to the CCI, the 12 equity shareholders of Vodafone India […]
Reportedly, Seven Islands Shipping Limited has received a nod from the Securities and Exchange Board of India (SEBI) to invite an IPO. The company filed its draft prospectus with SEBI on September 29, 2017. According […]
The initial public offering (IPO) by Future Supply Chain Solutions was fully subscribed on the final day of the bidding process. By 5 p.m., the issue received bids for 22.84 million shares, which was 3.34 […]
The Odisha government has, under its supplementary budgetary provisions, allocated Rs 1.11 billion for urban water supply under the Buxi Jagabandhu Assured Water Supply to Habitations scheme, Rs 1.09 billion for urban sanitation and Rs […]
The central government has approved funds worth Rs 15 billion for the implementation of the Pune Ring Road Project in Maharashtra. The project involves the construction of a 129 km ring road, which will be […]
ADB has approved a loan package of $583 million for developing Reliance Power Limited’s liquefied natural gas (LNG) terminal along with a 750 MW power project in Bangladesh. The package includes loans and partial risk […]
An ordinance amending the Insolvency and Bankruptcy Code [IBC], 2016, has been passed to help prevent defaulters from bidding for their assets during resolution proceedings and regaining control. The ordinance aims to put safeguards in […]
The Greater Hyderabad Municipal Corporation (GHMC) plans to raise Rs 10 billion through the issuance of bonds for funding the Strategic Road Development Plan (SRDP). The Telangana government has approved GHMC’s proposal to raise funds […]
NHAI has borrowed Rs 50 billion from the Employees’ Provident Fund Organisation by selling long-tenor bonds to finance the government’s Bharatmala programme. NHAI has sold corporate bonds with a coupon rate of 7.64 per cent […]
The Rural Electrification Corporation (REC) and Patratu Vidyut Utpadan Nigam Limited, a subsidiary of NTPC Limited, have signed a loan agreement worth Rs 140 billion for setting up Phase I of the 2,400 MW Patratu […]
India and the World Bank have signed a $98 million loan pact and a $2 million grant agreement for the Shared Infrastructure for Solar Parks Project. While $75 million has been extended by the International […]
ADB has approved a multi-tranche financing facility worth $500 million for the Second Rural Connectivity Investment Programme to improve rural roads in the states of Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal. Under the […]
Two water supply contracts have been awarded under AMRUT. The first contract worth Rs 1.19 billion has been awarded to the Indian Hume Pipe Company by the Andhra Pradesh Public Health and Municipal Engineering Department and […]
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