Air India has raised Rs 10 billion from the National Small Savings Fund and is also expected to receive Rs 5 billion through short-term borrowings soon. Though the loan has been availed at a lower […]
The Airports Authority of India (AAI) has received approval from the government, after a delay of almost six months, to borrow Rs 94.3 billion over a period of four years from 2018-19 to 2021-22. AAI […]
Two wholly owned subsidiaries of Dilip Buildcon Limited – DBL Rewa Sidhi Highways Private Limited and DBL Chandikhole Highways Private Limited – have received sanction letters from banks for financing their road projects in Madhya […]
NSE-IFSC, the National Stock Exchange’s (NSE) international exchange, has listed NTPC Limited’s foreign currency bonds and masala bonds on its debt securities market. It has raised $2,400 million, €500 million and Rs 40 billion by […]
After the successful listing of bonds by the Indore Municipal Corporation, the Bhopal Municipal Corporation’s (BMC) municipal bonds were listed on the debt platform of the NSE. BMC raised nearly Rs 1.75 billion on the […]
Tata Power Company Limited has received shareholder approval to raise Rs 55 billion via non-convertible debentures (NCDs) on a private placement basis. The board has approved the issuance of non-cumulative, redeemable, taxable, listed, rated securities […]
Bharti Airtel’s Africa unit has concluded the pre-initial public offering (IPO) placement of shares with six global investors, including Warburg Pincus, Temasek, Singtel and SoftBank Group International, and has raised $1.25 billion (Rs 92 billion), […]
The Ministry of Finance is planning to launch an IPO to sell up to a 25 per cent stake in Telecommunications Consultants India Limited (TCIL) during the January-March 2019 quarter. The move is being made […]
Delta Airlines has evinced interest in buying a 24 per cent stake in Jet Airways which is currently facing a financial crisis. In addition to buying the stake, Delta will also infuse capital into the […]
Reportedly, Petronet LNG and ONGC Videsh Limited (OVL) are jointly considering buying a stake in Tellurian, Inc.’s proposed Driftwood project in Louisiana, USA. Tellurian is offering a 60-75 per cent equity interest in Driftwood Holdings. […]
The Canada Pension Plan Investment Board (CPPIB) is in talks to acquire Goldman Sachs’ stake in ReNew Power Limited. Goldman Sachs is planning to sell around 20 per cent stake through a private sale. Goldman […]
The GVK Group has received bids from three agencies – German airport operator AviAlliance, Australia’s AMP Capital and US-based Global Infrastructure Partners (GIP) – for purchasing part of GVK’s share in Mumbai airport. The GVK […]
Reliance Industries Limited (RIL) is in talks to acquire a controlling stake in GTPL Hathway, a leading multi-system operator (MSO). The move comes after RIL recently acquired a 51.3 per cent stake in Hathway for […]
Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) has invested another $100 million in Azure Power Global Limited, hiking its stake in the renewable energy firm to 40 per cent. The latest […]
Petroliam Nasional Berhad, Masdar Clean Energy and Sembcorp are in talks with Hero Future Energies to acquire an equity stake of up to 30 per cent in the latter. Hero Future Energies is planning to […]
KEC International Limited has signed a share purchase agreement with Adani Transmission Limited (ATL) for selling its entire stake in KEC Bikaner Sikar Transmission Private Limited (KBSTPL) at an enterprise value of Rs 2.27 billion. […]
The Petroleum and Natural Gas Regulatory Board has reportedly approved the sale of the East-West Gas Pipeline to Brookfield Asset Management, Inc. East West Pipeline Limited, previously known as Reliance Gas Transportation Infrastructure Limited, built […]
Cube Highways, backed by global private equity fund I Squared Capital and the Abu Dhabi Investment Authority, is likely to buy seven toll road projects with an enterprise value of Rs 200 billion from the […]
The National Investment and Infrastructure Fund (NIIF) has announced the acquisition of IDFC Infrastructure Finance Limited (IDFC-IFL), a non-banking finance company registered with the Reserve Bank of India (RBI) as an infrastructure debt fund. This […]
The Jawaharlal Nehru Port Trust (JNPT) is planning to acquire the Rewas, Vijaydurg and Dighi greenfield ports in order to expand port capacity and pursue port-led industrialisation. The port trust has already submitted bids for […]
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