The Reserve Bank of India (RBI) has withdrawn the 20 per cent limit on investments by foreign portfolio investors (FPIs) in corporate bonds of an entity with a view to encouraging more foreign investments.The Securities […]
The Gujarat government has approved a grant of Rs 5.96 billion to 18 municipalities and six municipal corporations for various infrastructure and development works. The state administration has approved Rs 1.53 billion for water supply […]
The Bank of Baroda has tied up with KfW Development Bank for providing funds worth Rs 8,030.34 million to refinance solar power projects under the Solar Partnership II – Promotion of Solar PV in India. […]
ReNew Power Limited has received additional debt financing of about Rs 24,914.93 million from the Overseas Private Investment Corporation (OPIC) for construction of new wind and solar power plants in India. The development follows an […]
CleanMax Enviro Energy Solutions Private Limited, which undertakes solar rooftop projects, has secured Rs 1.58 billion from PTC India Financial Services Limited, a listed non-banking financial company focused on the power sector. CleanMax will use […]
The Asian Infrastructure Investment Bank (AIIB) will provide a loan of $455 million to finance the Andhra Pradesh Rural Roads Project, which will connect about 3,300 habitations with a population of more than 250 and […]
The Himachal Pradesh government has signed a loan agreement with the World Bank for providing financial assistance of Rs 2,853.82 million ($40 million) for the Greater Shimla Water Supply and Sewerage Project. The project is […]
OMERS Infrastructure Management, Inc. has acquired a 22.4 per cent interest in the infrastructure investment trust (InvIT) of L&T Infrastructure Development Projects Limited for Rs 8.7 billion ($122 million). This is OMERS’ first investment in […]
The Department of Telecommunications (DoT), in consultation with the Ministry of Finance, is planning to split an initial public offering (IPO), which includes the sale of a 25 per cent stake in Telecommunications Consultants India […]
Bharti Airtel is going to decrease its direct stake in Bharti Infratel from 50.33 per cent to 18.3 per cent. As per an exchange filing by Bharti Infratel, Airtel’s unit, Nettle Infrastructure will be buying […]
Bharti Airtel’s board has approved its plans to raise Rs 320 billion through equity and bond sales. Of this amount, Rs 250 billion will be raised via a rights issue and the remaining Rs 70 […]
SoftBank, Carlyle invest $395 million as Delhivery joins unicorn club Logistics tech firm Delhivery Private Limited has become the newest member of India’s unicorn club after raising $395 million (around Rs 27.84 billion) in a Series […]
Cash-strapped Jet Airways’ key lenders, including the State Bank of India (SBI) and Punjab National Bank, are likely to buy out the exposure of three domestic and one foreign lender, as they are not keen […]
GVK Airport Holdings Limited, the majority shareholder in Mumbai International Airport Limited (MIAL), has exercised its right of first refusal and decided to acquire Bidvest’s 13.5 per cent stake in the airport. GVK will acquire […]
EverSource Capital and the National Investment and Infrastructure Fund have come together to back an India-focused renewable energy platform floated by UK-based development finance institution CDC. The trio will cumulatively invest $330 million (around Rs […]
Reportedly, Greenko Energy Holdings Private Limited is planning to raise $550 million (Rs 39.11 billion at current exchange rates) in a new round of funding from existing investors Singapore sovereign wealth fund GIC and Abu […]
Reportedly, Jet Airways is considering raising Rs 40 billion through a rights issue if SEBI denies an exemption to Etihad Airways from making an open offer in lieu of raising its stake in the cash-strapped […]
The central government has accorded approval for the strategic disinvestment of the government’s 100 per cent stake in Dredging Corporation of India Limited (DCIL) in favour of four port trusts – the Visakhapatnam Port Trust […]
The CCEA has granted in-principle approval for the strategic disinvestment of 100 per cent equity shares of the government in Kamarajar Port Limited (KPL) to the Chennai Port Trust (ChPT). The disinvestment will be carried […]
Reliance Infrastructure Limited (RIL) has signed a definitive binding agreement with Cube Highways and Infrastructure Private Limited for the sale of 100 per cent stake in Delhi-Agra Toll Road Private Limited. The total deal enterprise […]
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