Reportedly, GIC has accorded a Rs 7 billion-Rs 7.5 billion interim loan to IRB Infrastructure Developers Limited, a few months after it made a commitment that it would infuse Rs 44 billion in an infrastructure […]
The International Finance Corporation (IFC), the financial arm of the World Bank, will lend $36 million for a 250 MW solar project by Mahindra Renewables Private Limited (MRPL) in Rajasthan. Mahindra Susten won the bid […]
Bharti Airtel has begun its $3 billion fundraising exercise by launching qualified institutional placement (QIP) and foreign currency convertible bond (FCCB) issues worth $2 billion and $1 billion respectively. Airtel’s board has fixed the floor […]
NHAI is planning to raise about Rs 400 billion through monetisation of its highway assets through an InvIT. Besides, the authority has identified a number of completed road projects valued at about Rs 600 billion […]
The Department of Investment and Public Asset Management (DIPAM) is likely to appoint legal advisers for Telecommunications Consultants India Limited (TCIL) and WAPCOS soon, to steer their initial public offering (IPO) process. As per industry […]
Airtel Africa is planning to raise about $37.5 million (27.92 billion Malawian kwacha [MK]) through Airtel Malawi’s IPO. The company, which is a subsidiary of India-based Bharti Airtel, has set the price of the IPO […]
JSW Energy Limited has entered into an agreement with Jaiprakash Power Ventures Limited (JPVL) to restructure the principal outstanding amount of Rs 7.52 billion owed by the latter. Under key terms of the agreement, an […]
Fairfax India Holdings Corporation is trimming its stake in Bangalore International Airport Limited (BIAL), as the investment vehicle monetises a bet it first made less than four years ago. Fairfax India will reduce its stake […]
IRB Infrastructure Developers Limited has received an NOC from NHAI for transfer of nine build-operate-transfer (BOT) assets to IRB Infrastructure Trust and the subsequent investment by GIC affiliates for a 49 per cent stake in […]
KNR Constructions Limited has entered into a share purchase agreement dated January 9, 2020 with Cube Highways and Infrastructure III Private Limited to sell its entire equity stake in the toll road BOT asset KNR […]
The Greenko Group is planning to acquire a 40 per cent stake in Teesta Urja Limited’s (TUL) 1,200 MW hydropower project in north Sikkim. The transaction will increase Greenko’s operating renewable portfolio to 6.2 GW […]
Adani Ports and Special Economic Zone Limited (APSEZL) will be acquiring a 75 per cent stake in Krishnapatnam Port Company Limited. The estimated enterprise value of the proposed acquisition is Rs 135.72 billion. The transaction […]
APSEZL has agreed to acquire a controlling stake in Snowman Logistics Limited to expand its cold chain logistics and warehousing business. APSEZL, through its unit Adani Logistics Limited, will first acquire a 40.25 per cent […]
The central government approved the divestment proposal of Air India on January 7, 2020 and revealed that the expression of interest document will be issued soon. Apart from this, the government has also approved transfer […]
In the absence of requisite approvals from the Department of Telecommunications (DoT), Bharti Infratel and Indus Towers have again extended the timeline for closing their merger deal to February 24, 2020. Originally planned for conclusion […]
Reportedly, the Canada Pension Plan Investment Board (CPPIB) has emerged as the front runner to acquire Ashoka Concessions, and is likely to sign a deal at an enterprise value of Rs 55 billion. Existing shareholders […]
The Essel Group has signed an agreement to sell its 480 MW under-construction solar energy portfolio to Adani Green Energy Limited. The company had earlier sold 205 MW of its operational solar energy portfolio to […]
Vector Green Energy Private Limited, an independent power producer which operates wind and solar projects, has acquired 225 MW solar generation capacity from RattanIndia Power Limited. The acquirer is a wholly owned subsidiary of India […]
The NCLT has ordered the liquidation of Essar Power Jharkhand Limited (EPJL) after the sole bidder for the company refused to furnish a performance bank guarantee after bidding for the power plant. EPJL had planned […]
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