The Japan International Cooperation Agency (JICA) has committed an official development assistance loan of JPY 45 billion (about Rs 25.87 billion) for the Bengaluru Water Supply and Sewerage Project (Phase 3). The project will provide […]
The Power Finance Corporation (PFC) has sanctioned financial assistance of Rs 13.5 billion to Bihar Grid Company Limited. The financial assistance will be used for the construction of 16 units of 400 kV, 220 kV […]
Amplus Energy Solutions has entered into a pact with private sector lender YES Bank for a strategic tie-up to co-finance projects in the solar energy space in India. YES Bank will look for bankable projects […]
The central government has signed a loan agreement worth $250 million with the Asian Development Bank (ADB) for the construction of 6,254 km of all-weather rural roads in the states of Assam, Chhattisgarh, Madhya Pradesh, Odisha and […]
The Indian Renewable Energy Development Agency (IREDA) and Rewa Ultra Mega Solar Limited (RUMSL) have signed a sub-loan agreement to finance the shared infrastructure of two solar power projects in Madhya Pradesh. These are the […]
ReNew Power Ventures Private Limited has raised Rs 22.35 billion via non-convertible debentures (NCDs) for the repayment of its existing loans. The issuance has been undertaken in two parts – credit enhanced NCDs worth Rs […]
The board of IL&FS Transportation Networks Limited has given its nod for the issuance of masala bonds worth up to Rs 20 billion besides dollar-denominated bonds of up to $500 million. The proceeds of the […]
The Securities and Exchange Board of India (SEBI) has further relaxed norms for investment requirements into real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) as public offerings by such trusts have failed to […]
Patel Infrastructure Limited has filed a draft red herring prospectus (DRHP) with SEBI to float an initial public offering (IPO). According to the DRHP, the company has proposed the sale of shares worth Rs 4 […]
Messaging and voice application programming interface company Route Mobile Limited has filed a draft prospectus with SEBI for an IPO. The IPO size is estimated at Rs 6 billion ($94 million). The IPO and subsequent […]
Solar equipment manufacturer Orb Energy Private Limited has raised $15 million (Rs 950 million) through a combination of debt and equity from Dutch Development bank FMO, the Overseas Private Investment Corporation (OPIC), African finance institution […]
Solar power producer Kiran Energy Solar Power Private Limited has raised Rs 700 million ($11 million) in a fresh round of equity fund raising from existing institutional investors. The company has raised the amount in […]
Gurugram-based logistics services provider Rivigo Services Private Limited has raised Rs 3.22 billion ($50 million) in a Series D round. The company’s existing institutional investors, SAIF Partners and Warburg Pincus, have participated in the funding […]
The Canada Pension Plan Investment Board (CPPIB) has acquired a 6.3 per cent stake in ReNew Power Ventures Private Limited from ADB for $144 million (Rs 9.2 billion). This is the first stage of CPPIB’s […]
Bharti Airtel will transfer a 25 per cent stake in its direct-to-home (DTH) arm, Bharti Telemedia Limited, to its wholly owned subsidiary Nettle Infrastructure Investments. However, the date of the sale transaction is yet to […]
Sterlite Power Grid Ventures Limited has acquired a 28.4 per cent stake worth Rs 10.1 billion in its transmission infrastructure business from Standard Chartered Private Equity Limited (SCPE). With this, the company now holds a […]
Idea Cellular has received approval from the National Company Law Tribunal (NCLT)-Ahmedabad for its proposed merger with Vodafone Mobile Services and Vodafone India. As per the NCLT-Ahmedabad bench, the merger scheme was noted to be […]
Bharti Airtel has received approval from the Rwanda Utilities Regulatory Authority to acquire Millicom International Cellular’s Rwanda unit, Tigo Rwanda. Bharti Airtel has inked a definitive pact with Millicom International under which Airtel Rwanda would […]
Reliance Communications (RCOM) has sought shareholder approval to sell its assets including spectrum, towers, optic fibre network and other wireless infrastructure. The move follows the signing of a binding definitive agreement between RCOM and RJIL […]
The Oil and Natural Gas Corporation (ONGC) on January 31, 2018, bought the government’s entire 51.11 per cent stake in oil refiner Hindustan Petroleum Corporation Limited (HPCL) for Rs 369.15 billion. ONGC bought 778.8 million […]
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