Amazon and a group of investors are in discussions with the Aditya Birla Group to invest up to Rs 200 billion in Vi, the latter’s struggling wireless telephone company. The sale proceeds will be used […]
The Securities and Exchange Board of India (SEBI) has exempted the government from making an open offer to the shareholders of Vi, pursuant to its proposed acquisition of over 33 per cent stake in the […]
In one of the largest acquisitions ever made by an Indian group, the Adani Group has agreed to purchase Ambuja Cements and ACC Limited for $10.5 billion (Rs 800 billion). The Adani Group has agreed to […]
Emirates Telecommunications Group Company PJSC “e&” (Etisalat Group) has acquired approximately 2,766 million shares in Vodafone Group Plc, aggregating $4.4 billion. The shares represent 9.8 per cent of Vodafone’s issued share capital. The transaction is […]
Abdul Latif Jameel, a global investor based in Saudi Arabia, has committed to invest up to $220 million (Rs 17 billion) in Greaves Electric Mobility, a two-to-three-wheeler mobility company. The global investor will initially invest […]
Abdul Latif Jameel, a global investor based in Saudi Arabia, has committed to invest up to $220 million (Rs 17 billion) in Greaves Electric Mobility, a two-to-three-wheeler mobility company. The global investor will initially invest […]
Grey Orange Private Limited, which operates the warehouse robotics and automation company Grey Orange, has raised $110 million (about Rs 8.52 billion) from US-based investment firm Mithril Capital Management, as well as separate financing from […]
The board of directors of IRB Infrastructure Developers Private Limited has approved a preliminary non-binding proposal for transfer of the Padra-Vadodara Expressway Project (Vadodara-Mumbai Expressway) to the IRB InvIT fund. The company has completed 22.585 […]
Inox Wind Limited has raised Rs 4.02 billion by completing the allotment of equity shares and convertible warrants. The equity shares and convertible warrants have been sold at issue prices of Rs 126 and Rs […]
The Power Finance Corporation Limited (PFC) has successfully listed its maiden Euro 300 million green bonds, carrying a coupon rate of 1.841 per cent, on the Luxembourg Stock Exchange. The listing has been done under […]
International Holding Company PJSC (IHC) of Abu Dhabi has completed a Rs 154 billion investment transaction in three Adani companies – Adani Green Energy Limited (AGEL), Adani Transmission Limited (ATL) and Adani Enterprises Limited (AEL). […]
Austrian Development Bank OeEB has lent Euro 13 million for a sewerage treatment project at Maheshtala in South 24 Parganas district of West Bengal. The bank has offered the entire amount as loan to the […]
SBI is planning to sell its Rs 38.15 billion outstanding loan from KSK Mahanadi Power to the Aditya Birla Asset Reconstruction Company (ARC), thereby bolstering its earnings for the quarter ending in June 2022. The […]
The Adani Group is in discussions with the State Bank of India (SBI) to raise approximately Rs 120 billion in long-term project loans for the construction of the Ganga Expressway, touted as the country’s longest […]
The Indian Renewable Energy Development Agency (IREDA), a renewable energy project financing company, has authorised Rs 144.45 billion in loans and distributed Rs 100.18 billion to various green energy projects across Maharashtra. Reportedly, IREDA, in […]
Government-owned banks have agreed to finance distressed power companies undergoing insolvency proceedings, in order to help enhance electricity supplies. Lenders will provide working capital loans primarily to purchase imported coal and operate plants at maximum capacity, […]
The Uttar Pradesh government has allocated Rs 195 billion to the Jal Jeevan Mission (JJM) in its state budget for financial year 2022-23. This is around Rs 45 billion higher than the previous financial year’s […]
The National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 32.45 billion for rural drinking water supply and irrigation projects in Gujarat for 2021-22, under the Rural Infrastructure Development Fund (RIDF). This is […]
The Odisha government will spend around Rs 18 billion to set up 99 more 33/11 kV substations to improve the power distribution system in the state. The state government has recently established six high-power grid […]
June Issue 2022
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