ReNew Power Ventures Private Limited has acquired Ostro Energy Private Limited from PE firm Actis Capital for an undisclosed amount. Further, the existing investor, the Canada Pension Plan Investment Board, will make an additional investment […]
US-based PE firm Global Infrastructure Partners (GIP) has struck a rare secondaries deal in India to buy the entire infrastructure portfolio of IDFC Alternatives, a local multi-asset PE firm. IDFC Alternatives manages two infrastructure funds, […]
Bharti Airtel is planning to sell a stake in Bharti Telemedia, its direct-to-home arm, in a bid to raise funds. It has received board approval for the transfer of 19 per cent stake in Bharti […]
IOCL bid for a stake in Vietnam’s Binh Son Refining and Petrochemical Company in February 2018. It has submitted an EoI for becoming a strategic partner in the Vietnamese company by taking a 49 per […]
The Dredging Corporation of India (DCI) has won the contract for maintenance dredging of naval sites at Mumbai port for 2018-19. The contract value is Rs 307.6 million. The dredging works will be carried out […]
Hindustan Infralog Private Limited (HIPL), a joint venture (JV) between DP World and the National Investment and Infrastructure Fund (NIIF), has announced the acquisition of a 90 per cent stake in Continental Warehousing Corporation (Nhava […]
Asia-focused private equity (PE) firm ADV Partners has invested $105 million (Rs 6.85 billion) in infrastructure services provider Feedback Infra Private Limited. The deal, which was a combination of debt and equity, also involved a […]
Fairfax India Holdings Corporation is expected to buy an additional 6 per cent stake in Bangalore International Airport Limited (BIAL) from Siemens Project Ventures GmbH for about $67 million. The deal is expected to be […]
Sistema Shyam TeleServices Limited (SSTL), the Indian telecom arm of Russia-based Sistema, has sold a little over 2 per cent of its equity holding in Reliance Communications (RCOM) in the open market. Post this, its […]
Government owned and operated railway infrastructure engineering and construction company Ircon International Limited has filed its draft prospectus with SEBI to float an IPO. The government, which is acting as the promoter through the Ministry […]
Rail Vikas Nigam Limited has filed a draft proposal with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The government has proposed the sale of a little over 208.52 […]
Jindal Steel and Power Limited (JSPL) successfully closed its Rs 12 billion qualified institutional placement (QIP) recently. The company had proposed the allotment of up to 51,502,145 equity shares at an issue price of Rs […]
Bharti Airtel has received approval from its board to raise up to Rs 165 billion for refinancing debt and paying for spectrum liabilities. The company’s board approved the issuance of non-convertible debentures (NCDs) of up […]
The Ministry of Road Transport and Highways (MoRTH) plans to raise Rs 1 trillion through off-budgetary sources in 2018-19 to fund Bharatmala. The amount will be raised through NHAI bonds, institutional financing from LIC, the […]
Reliance Jio Infocomm Limited (RJIL) has raised $500 million through a syndicated Samurai loan from three Japanese banks – the Bank of Tokyo Mitsubishi UFJ, Sumitomo Mitsui Banking Corporation and Mizuho Bank. The floating rate […]
The Asian Infrastructure Investment Bank (AIIB) has approved a $140 million loan for improving rural connectivity in Madhya Pradesh. The project, which is being co-financed by the World Bank, aims to improve durability and accessibility […]
The Jammu & Kashmir government has sanctioned Rs 426.11 billion for three road projects in the state. These projects are the Zojila Pass tunnel project, the Srinagar ring road/bypass project and the Jammu stand-alone ring […]
The central government has signed an ODA loan agreement worth approximately Rs 25 billion (JPY 38.67 billion) with JICA for Phase II of the North-East Road Connectivity Project. The loan is being provided at concessional […]
The Japan International Cooperation Agency (JICA) has signed a loan agreement worth Rs 18.13 billion with the Indian government for the Perur water desalination plant project. The official development assistance (ODA) is being provided at […]
The Odisha government has sanctioned Rs 42.65 billion for road projects in the state. The scope of work involves the improvement of 1,175 km of roads, 40 bridges and five rail overbridges. The sanctioned amount […]
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