The US-based-based firm Interups Inc. is planning to invest $9 billion in India’s aviation sector over the next five years. Interups’ bid includes an InvIT structure that will subsume the airline’s revenue generating arms, separated […]
Bharat Petroleum Corporation Limited (BPCL) will acquire a 36.62 per cent stake in Bharat Oman Refineries Limited (BORL) from OQ S.A.0.C. (formerly Oman Oil Company S.A.O.C.). This would amount to 888 million equity shares. Currently, […]
NHPC has signed a definitive agreement for the implementation of the approved resolution plan for the takeover of Jalpower Corporation Limited (JPCL), which implemented the 120 MW Rangit Stage IV HEP in Sikkim. The NCLT, […]
The IL&FS Group has received legal approval for the sale of its Chinese road asset, Chongqing Yuhe Expressway Company Limited (CYEC), to the China Merchants & PingAn Infrastructure Phase 1 Equity Investment Fund (Tianjin), a […]
The Airports Authority of India (AAI) has approved the Adani Group’s share transfer proposal for Mumbai International Airport Limited (MIAL) from GVK Airports Holding. Under the deal, the Adani Group will take over the 50.5 […]
Tata Sons Private Limited has signed an agreement with Malaysian budget carrier AirAsia Group Bhd to increase its stake in their India JV. AirAsia has agreed to sell a 32.67 per cent stake in the […]
NIIF is leading a $390 million (Rs 28.7 billion) funding round in Ayana Renewable Power. The proposed transaction will make NIIF, which will invest $284 million, a majority shareholder in Ayana. The CDC Group, the […]
National Investment and Infrastructure Fund Limited (NIIF) has marked the final close of its NIIF Master Fund at $2.34 billion (Rs 172.93 billion) after receiving commitments from the fifth set of limited partners. Canadian pension […]
The CDC Group Plc, the UK’s development finance institution, has acquired a minority stake in TVS Industrial and Logistics Parks Private Limited, a JV of TVS Supply Chain Solutions Limited and Ravi Swaminathan Associates. This […]
GIC Pte Limited and ESR Cayman Limited have formed a JV to develop and acquire industrial and logistics assets in India. GIC will hold an 80 per cent stake in the JV and ESR, an […]
Adani Power Limited’s (APL) agreement to acquire 49 per cent stake in the Odisha Power Generation Corporation (OPGC) from the affiliates of the AES Corporation has been cancelled. The Odisha government, which holds a 51 […]
Antony Waste Handling Cell Limited’s initial public offering (IPO) has received a strong response, with demand across all investor categories. The offering of 6.67 million shares, excluding the anchor investors’ portion, received bids for 100.27 […]
IndiGrid has acquired the solar portfolio of Madrid-based Fotowatio Renewable Ventures (FRV) in a deal worth Rs 6.6 billion (nearly $90 million) at current exchange rates. IndiGrid has signed a purchase agreement with FRV Solar […]
Reliance Infrastructure Limited (RInfra) has completed the sale of its entire 74 per cent equity stake in Parbati Koldam Transmission Company Limited (PKTCL) to the India Grid Trust (IndiGrid) for an enterprise value of Rs […]
The NHAI is expected to operationalise the country’s first government-sponsored infrastructure investment trust (InvIT) by March 2021. Reportedly, about six road assets worth Rs 50 billion have been given in-principle approval for transfer to the […]
Sterlite Power has raised Rs 2 billion in debt financing from Allianz Global Investors. The amount has been raised as a non-convertible debenture with a three-year tenor and is part of the larger refinancing exercise […]
Power Finance Corporation Limited (PFC) is planning to sell bonds worth $1.4 billion to individual investors. According to PFC’s draft prospectus, it plans to raise the entire amount in this quarter. The planned offering will […]
The Adani International Container Terminal’s $300 million maiden bond issue was oversubscribed 10 times with interest coming in from 220 investors. The issue of 10 years was priced at par to yield a 3 per […]
Varanasi will issue municipal bonds worth Rs 2 billion to raise funds for investing in the city’s infrastructure development. The Varanasi Municipal Corporation (VMC) has added 89 villages to its municipal limits for the bond […]
PNC Infratech Limited has submitted financial documents to the National Highways Authority of India (NHAI) for three HAM projects – PNC Unnao Highways Private Limited, PNC Gomti Highways Private Limited and PNC Bithur Kanpur Highways […]
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