PROPARCO, a French development financial institution, has made a Rs 1.07 billion equity investment in Avaada Energy Private Limited. Avaada has 405 MW of operational large-scale solar projects in India and about 1 GW of […]
Fairfax India has infused an additional Rs 850 million equivalent to a 7 per cent stake in Mumbai-based Seven Islands Shipping Limited. Fairfax India had first picked up a 41.4 per cent stake in Seven […]
Logistics tech start-up Blackbuck has raised Rs 560 million (approximately $7.83 million) in a mixed equity and debt funding round from venture debt fund Trifecta Capital. Blackbuck’s board has approved allotting Trifecta 322 Series D […]
The board of IL&FS Transportation Networks Limited (ITNL) has approved the setting up of a new arm to manage a proposed infrastructure investment trust (InvIT). The company’s board also granted in-principle approval to transfer its […]
Adani Transmission Limited (ATL), Adani Electricity Mumbai Limited (AEML) and a subsidiary of the Qatar Investment Authority (QIA) have signed definitive agreements for the sale of a 25.1 per cent stake in AEML to QIA […]
The UK government’s development finance institution CDC Group Plc has made an equity investment of $36 million (Rs 2.55 billion) in logistics firm Ecom Express. The fresh equity injection will help Ecom Express expand its […]
The government is set to infuse Rs 8 billion-Rs 10 billion equity into India Infrastructure Finance Company Limited (IIFCL) to bolster its lending capability. The recent churn in the financial sector has seen private players […]
Dutch development bank FMO has proposed an additional equity investment of €1 million ($1.11 million) in Orb Energy Pte Limited, a solar photovoltaic and solar thermal solutions provider. FMO intends to purchase the equity stake […]
The government has announced that it has no plans to sell stakes in Bharat Sanchar Nigam Limited (BSNL) and MTNL. Moreover, the government has fixed a target of raising Rs 2 billion and Rs 3 […]
The Canada Pension Plan Investment Board (CPPIB) has announced an investment of up to $600 million (Rs 43 billion) through the National Investment and Infrastructure Fund [NIIF] Master Fund, deepening its exposure in India. The […]
Mahanagar Telephone Nigam Limited (MTNL) is planning to seek shareholder approval for monetisation of land and buildings and raising up to Rs 65 billion through non-convertible debentures (NCDs). The company will seek shareholder approval for […]
Logistics tech start-up Blackbuck has raised Rs 560 million (approximately $7.83 million) in a mixed equity and debt funding round from venture debt fund Trifecta Capital. Blackbuck’s board has approved allotting Trifecta 322 Series D […]
The Asian Development Bank (ADB) has approved a loan of $250 million as part of an assistance package to Energy Efficiency Services Limited (EESL) to expand energy efficiency investments in India. The project will adopt […]
NTPC is planning to raise around Rs 100 billion through green bonds for the acquisition of the central government’s stake in THDC India Limited (THDCIL) and North Eastern Electric Power Corporation Limited (NEEPCO). Proceeds from […]
The Union cabinet has approved the launch of the Bharat Bond Exchange Traded Fund (ETF). The Bharat Bond ETF will be a basket of bonds issued by state firms or government organisations and will be […]
The Telangana government has granted permission to the Greater Hyderabad Municipal Corporation (GHMC) to appoint SBI Capital Markets Limited for obtaining funds worth Rs 25 billion for the Greater Hyderabad Strategic Road Development Plan project. […]
NTPC Limited has signed a term loan agreement for Rs 50 billion with the State Bank of India (SBI). The loan facility has been extended at an interest rate linked to the three-month marginal cost […]
The Uttar Pradesh cabinet has approved the proposal for obtaining funds worth Rs 70 billion from a Bank of Baroda-led consortium for the Bundelkhand six-lane expressway project. Currently, about 96 per cent of the total […]
The Asian Infrastructure Investment Bank (AIIB) has approved $575 million in loans to two urban infrastructure projects in India as part of its efforts to ramp up investments in the country. It is extending a […]
Indian Railway Station Development Corporation Limited is in the final stage of raising a loan of Rs 5.41 billion from the Indian Railway Finance Corporation (IRFC) for redevelopment of the Anand Vihar, Bijwasan and Chandigarh […]
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