Air India Assets Holding Limited (AIAHL), the special purpose vehicle (SPV) formed for offloading Air India’s existing debt, has issued bonds for the third time raising funds worth Rs 79.85 billion. This bond issue has […]
HPCL-Mittal Energy (HMEL), a joint venture (JV) between Hindustan Petroleum Corporation Limited and Mittal Energy Investment, Singapore, has raised $300 million by selling bonds to offshore investors. The company plans to use the proceeds to […]
Edelweiss Alternative Asset Advisors Limited has commenced Phase II of fundraising for its infrastructure investment trust (InvIT) Edelweiss Infrastructure Yield Plus Fund (EIYP), and is likely to close the fund at $750 million by early […]
Reportedly, Caisse de dépôt et placement du Québec (CDPQ) is planning to set up an InvIT to house road assets acquired by the Canadian pension fund manager. It is exploring the setting up of an […]
As per industry sources, the government is planning to divest up to 25 per cent stake in RailTel Corporation through an initial public offering (IPO). To this end, the government is reportedly looking for advertising […]
French energy giant Total SA has agreed to buy a 37.4 per cent stake in Adani Gas Limited for as much as Rs 61.55 billion ($868.5 million). Total has made an open offer to public […]
Cochin Shipyard Limited (CSL) has acquired a 26 per cent stake in Hooghly Cochin Shipyard Limited (HCSL) from Hooghly Dock and Port Engineers Limited (HDPEL) for a consideration of Rs 50.6 million. Prior to the […]
Singapore sovereign wealth fund GIC has exited shipping company Mercator Limited with a huge haircut. GIC sold its entire 7.77 per cent stake in Mumbai-based Mercator Limited recently, taking a meagre Rs 30 million. The […]
Logistics and distribution firm ElasticRun has raised $40 million (approximately Rs 2.84 billion) in a funding round led by Prosus Ventures, formerly known as Naspers Ventures. Existing investors Avataar Ventures and Kalaari Capital also participated […]
The board of Bharti Infratel has extended the deadline to complete its merger with Indus Towers by 60 days to December 24, 2019. The dilution of shares by existing holders, however, will be lower than […]
UAE-based Masdar Clean Energy has invested around $150 million in Hero Future Energies (HFE). This is the second such strategic investment in HFE since 2017, when an investment of $125 million was made by the […]
In a corporate announcement, Sadbhav Infrastructure Projects Limited announced its merger with Sadbhav Engineering Limited on October 19, 2019. Besides, Sadbhav Infrastructure Projects Limited has received the requisite approvals for transfer of 100 per cent […]
Reportedly, a road platform operated by the National Investment and Infrastructure Fund (NIIF) and I Squared Capital-owned Cube Highways has expressed interest in buying Ashoka Concessions Limited. Besides, the NIIF and Cube Highways have submitted […]
Industrial Energy Limited (IEL), a JV of Tata Power and Tata Steel, has signed asset purchase agreements with Tata Steel to acquire a 20 MW captive gas-based power plant and a 40 MW diesel generating […]
Adani Transmission Limited (ATL) has signed a share purchase agreement and completed the acquisition of WRSS XXI Transco Limited (WRSSTL) from REC Transmission Projects Company Limited. ATL had won this project through a tariff-based competitive […]
Vodafone Idea has demerged its fibre infrastructure by transferring the assets to its wholly owned subsidiary, Vodafone Towers Limited (VTL). This will help the telecom company to monetise its optic fibre assets, earlier pegged at […]
Infrastructure Leasing & Financial Services (IL&FS) has completed the sale of its wind energy assets to Japan-based Orix Corporation for Rs 48 billion, helping the company to pay its debt. IL&FS has sold 51 per […]
The Securities and Exchange Board of India has prescribed wider disclosure and compliance norms to be followed by the issuers of listed municipal bonds. Such listed entities are required to prepare and submit half-yearly unaudited […]
A bus rapid transit (BRT) system involves the creation of dedicated corridors across a city for high speed bus networks that aim to reduce traffic congestion and increase the number of commuters using buses. The […]
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