Piramal Enterprises Limited and the Canada Pension Plan Investment Board (CPPIB) have signed an initial pact to co-sponsor a renewable energy-focused InvIT. The InvIT will have an initial corpus of $600 million (Rs 41.6 billion) […]
Sterling and Wilson, a solar engineering, procurement and construction firm promoted by Shapoorji Pallonji, has filed draft papers with SEBI to raise about Rs 45 billion through an initial public offer (IPO). The IPO will […]
The government is planning to raise around Rs 15 billion by September 2019 by launching IPOs of the Indian Railway Catering and Tourism Corporation (IRCTC) and the Indian Railway Finance Corporation (IRFC). While IRCTC’s IPO […]
The promoters of Vodafone Idea Limited, which include UK-based Vodafone Group and India’s Aditya Birla Group, have infused Rs 179.2 billion into the company through a rights issue. This amounts to about Rs 0.9 billion […]
Vodafone Group Plc and Bharti Airtel are in talks with a consortium led by private equity (PE) firm KKR to reduce their stakes by more than half in the company that will be created by […]
CleanMax Solar has raised Rs 2.75 billion ($39.4 million) in equity funding from UK Climate Investments LLP. This is the third institutional investor to support the company’s growth ambitions. Earlier, in 2017, it secured equity […]
Brookfield Asset Management is in talks to acquire a majority stake in Mytrah Energy (India) Private Limited’s renewable projects. The value of the transaction is expected to be between Rs 69.57 billion and Rs 104.35 […]
PE firm Apis Partners LLP has agreed to invest up to $110 million (about Rs 7.7 billion) in L&T Infra Debt Fund Limited (L&T IDF), a non-banking financing unit of Larsen & Toubro Limited. The […]
Tata Teleservices Limited (TTSL) has sought the Department of Telecommunications’ (DoT) approval to sell the remaining stake in its tower firm to American Tower Corporation (ATC), for approximately Rs 25 billion. With this, ATC’s stake […]
Stellar Value Chain Solutions Private Limited has signed a pact to buy the surface transport business of Patel Integrated Logistics Limited. Stellar will buy Patel Roadways for Rs 385 million ($5.5 million), subject to customary […]
All stakeholders of Ghaziabad Aligarh Expressway Private Limited (GAEPL) – PNC Infratech Limited, Galfar Engineering and Contracting SAOG and Bharat Road Network Limited (BRNL) – have executed share purchase agreements (SPAs) with Cube Highways and […]
IL&FS Transportation Networks [ITNL] International Private Limited, a subsidiary of Infrastructure Leasing and Financial Services Limited (IL&FS) has commenced the process of selling its 49 per cent stake in a Chinese road asset, as IL&FS […]
Bharti Airtel and Hughes Communications India Limited (HCIL) have entered into an agreement to merge their very small aperture terminal (VSAT) satellite communication operations in India. As per the agreement, HCIL will have majority ownership […]
The Oil and Natural Gas Corporation (ONGC) has ruled out a share swap deal for the planned acquisition of Mangalore Refinery and Petrochemicals Limited (MRPL) by Hindustan Petroleum Corporation Limited (HPCL). ONGC prefers an all-cash […]
Malaysia’s Petroliam Nasional Berhad (Petronas) has acquired Amplus Energy Solutions Private Limited, one of India’s largest rooftop solar power producers. The Rs 27 billion deal marks Petronas’s foray into the global clean energy space. I […]
Tata Power Renewable Energy Limited (TPREL) plans to sell 32 MW of its operating wind assets located in Satara district of Maharashtra. At present, power from wind projects is tied up with Tata Power Company […]
Adani Power is in the final stages of discussions to take over the 1,370 MW GMR Chhattisgarh Energy Limited thermal power plant in a deal worth Rs 35 billion. At present, the lenders have agreed […]
GVK Airport Developers Limited (GVKADL) and GVK Airport Holdings Limited (GVKAHL), subsidiaries of the GVK Group, have signed a term sheet and exclusivity agreement with ADIA and the National Investment and Infrastructure Fund (NIIF) for […]
Power generation recorded a compound annual growth rate of 5.66 per cent to reach 1,244,930 MUs in 2018-19 from 717,894 MUs in 2008-09. Thermal generation accounted for 86 per cent of the total in 2018-19, […]
The dynamics of the Indian telecom service industry have changed dramatically since the launch of services by Reliance Jio in September 2016. After a brutal consolidation, only three private operators have been left in the […]
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