Resurgent Power Ventures Private Limited has been awarded a letter of intent (LoI) by the resolution professional of South East UP Power Transmission Company Limited (SEUPPTCL), selecting Resurgent as a successful resolution applicant under the […]
Bharti Airtel has acquired a strategic stake in Aqilliz, a blockchain-as-a-service company under the Airtel Startup Accelerator Program, subject to statutory approvals. Singapore-based Aqilliz has developed a patented hybrid blockchain platform, Atom, which integrates differential […]
Airtel has entered into an agreement with the Vodafone Group to buy 4.7 per cent equity interest in Indus Towers on the principal condition that the amount paid shall be inducted by Vodafone as fresh […]
Haldia Petrochemicals Limited (HPL) has emerged as the successful bidder for the distressed Coastal Oil & Gas Infrastructure Private Limited (COGIL), an SPV of Nagarjuna Oil Corporation Limited that was acquired by HPL last year […]
Mahindra Logistics Limited has decided to purchase up to 60 per cent of Whizzard, a supplier of last-mile delivery services, for Rs 717.3 million. The acquisition comprises purchase of up to 43,972 equity shares of […]
The Sumitomo Mitsui Banking Corporation (SMBC) has joined the National Investment and Infrastructure Fund (NIIF)-incubated Aseem Infrastructure Finance Limited (AIFL) as a strategic investor with a 10 per cent stake. AIFL, in partnership with its […]
Reliance Industries Limited (RIL) has completed the acquisition of a 40 per cent equity stake in the Shapoorji Pallonji Group’s Sterling and Wilson Renewable Energy Limited (SWREL). RIL’s subsidiary Reliance New Energy Limited has acquired […]
Torrent Power Limited has entered into a share purchase agreement with Blue Diamond Properties and Balrampur Chini Mills to acquire 100 per cent of the equity share capital of Visual Percept Solar Projects, a SPV […]
Leading pharmaceutical company Cipla has signed an agreement to acquire nearly a third of AMP Energy Green Eleven. The move aims to establish a solar power facility in Maharashtra that would be entirely self-contained. In […]
The board of Vi has approved the proposal to raise funds up to Rs 145 billion through various means, including Rs 45 billion from promoter entities. The board approved issuance of up to 3.38 billion […]
Capital A has launched a Rs 750 million cleantech fund, Evolve, which will be utilised for funding electric vehicles (EVs) and related ecosystem like battery charging start-ups. The company has launched the fund after having […]
India may miss its revised disinvestment target for the second time in eight years in 2021-22, as the government may be unable to generate the estimated Rs 600 billion through the LIC’s IPO. The government was […]
Airtel Uganda is reportedly planning to float an IPO by the end of 2022. The company had renewed its operating licence in 2020, with one of the conditions for the new licence being Airtel Uganda […]
TVS Supply Chain Solutions, a subsidiary of the erstwhile TVS Group, has filed the draft red herring prospectus with market regulator SEBI. The initial public offering (IPO) will consist of a fresh issue of equity […]
India Infrastructure Finance Company Limited (IIFCL) has raised Rs 15 billion in debt to realise the government’s infrastructure vision. With the objective of promoting long-term infrastructure funding in India, IIFCL has obtained funds from the domestic […]
Bharti Airtel is expected to raise up to Rs 50 billion in the near future via rupee-denominated notes in the domestic market as it looks to restructure its high-cost debt and strengthen its balance sheet […]
The board of the Power Finance Corporation (PFC) has approved a proposal for borrowing Rs 820 billion in 2022-23. The board approved borrowings through bonds, foreign currency borrowings, debentures, short-term borrowings and commercial papers, among […]
Avaada Energy has announced that it will raise Rs 14.4 billion in green bonds in the Indian capital market at a rate of 6.75 per cent, making it the country’s largest AAA-rated green bond by […]
The IL&FS Group stated that it would resolve debt totalling Rs 550 billion by March 2022 through asset monetisation, restructuring, and insolvency proceeding initiatives, in its affidavit filed before the National Company Law Appellate […]
Sterlite Power Transmission Limited has achieved financial closure for its Nangalbibra-Bongaigaon Transmission Limited (NBTL) project, securing the entire debt funding of Rs 4.4 billion from Tata Cleantech Capital Limited. The financial closure has been achieved […]
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