Adani Transmission Limited (ATL) has acquired the second tranche of 25 per cent stake in Alipurduar Transmission Limited from EPC major Kalpataru Power Transmission Limited (KPTL), with an agreement to acquire the balance 26 per […]
Singapore’s sovereign wealth fund GIC and ESR Group Limited have announced the formation of a $600 million JV to purchase core industrial and logistics assets in India. GIC will hold 80 per cent of the JV, while ESR, an […]
The Tata Group’s Air India has agreed to the acquisition of 16.67 per cent stake in AirAsia. The airline can use its brand name AirAsia for the next 12 months but it would be later […]
The Vodafone Group Plc has agreed to sell a stake of its Vantage towers to KKR and Global Infrastructure Partners (GIP) for Euro 16.2 billion (approximately $16.3 billion). Vodafone will move its 81.7 per cent stake in Vantage […]
Adani Defence Systems and Technologies Limited and Aerospace have signed an agreement for the acquisition of Air Works, which is India’s biggest aircraft maintenance, repair and overhaul company. This acquisition will take place at a […]
Singapore’s Sembcorp Industries Limited has agreed to purchase Global Infrastructure Partners’ Vector Green Energy platform at an equity value of around Rs 27.80 billion to expand its renewable energy footprint in India to 3 GW. Sembcorp […]
The central government is planning to sell its stakes in listed railway PSUs in order to achieve its disinvestment targets. This is being done to raise money in financial year 2022-23. RITES, Indian Railway Construction Limited and Rail Vikas Nigam Limited may be among the first PSUs to […]
Adani Ports and Special Economic Zone Limited (APSEZL) has entered into a definitive agreement for the acquisition of Oiltanking India GmbH’s 49.38 per cent equity stake in Indian Oiltanking Limited (IOTL) for Rs 10.5 billion. […]
Mumbai-based energy platform SolarSquare Energy Private Limited has announced that it has secured Rs 1 billion (about $12 million) in Series A funding, led by Elevation Capital and Chris Sacca’s Lowercarbon Capital. The round also saw participation […]
The Neev II Fund, a small and medium-sized enterprise fund focused on climate and sustainability, has announced an undisclosed investment in Hygenco Green Energies Private Limited. While the fund did not disclose the amount, Hygenco received […]
EKI Energy Services Limited (EKI) has announced that it will invest up to Rs 2 billion as part of a Rs 10 billion ($125 million) climate impact fund that it has launched in partnership with […]
Anahera Investment Private Limited, an affiliate of GIC Private Limited, is likely to provide funds worth Rs 10,450 million as equity for the Ganga Six-Lane Expressway Project, Phase I. Besides, the first tranche of Rs […]
CleanMax Enviro Energy Solutions is in discussions with investors to raise $200-$250 million. CleanMax operates over 600 MW of large-scale solar and wind farms and provides corporate customers with renewable energy. It has installed over […]
The Securities and Exchange Board of India (SEBI) has reportedly approved the government’s proposal to convert Vodafone Idea Limited’s (Vi) dues worth over $1.92 billion to equity. The government’s stake in Vi, post conversion, could […]
The chairman of the Dadachanji Group of Companies has invested Rs 1.56 billion in Shrem infrastructure investment trust (InvIT) through a bulk purchase of 15 million units at Rs 104 per unit. This resulted in the acquisition […]
The National Highways Authority of India (NHAI) has granted approval for the transfer of the Padra-Vadodara Expressway Project (Vadodara-Mumbai Expressway Project), which is part of the Delhi-Mumbai Expressway, from VK1 Expressway Private Limited, a wholly […]
The Adani Group is contemplating its first bond sale to individual investors. The group has proposed a public bond issuance of Rs 10 billion ($121 million). The newest borrowing plan comes after research firm CreditSights stated that […]
Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) are planning to raise an aggregate amount of Rs 193.56 billion through government-guaranteed bonds. Of this, MTNL plans to raise Rs 109.10 billion in […]
Vodafone Idea Limited (Vi) is planning to raise funds by issuing preferential convertible debentures to a vendor. As per sources, the vendor is likely to be Indus Towers since Vi owes around Rs 68 billion […]
Reliance Jio Infocomm Limited is planning to raise an additional $1.5 billion (Rs 123 billion) via external commercial borrowings (ECBs) to fund its 5G capital expenditure. To this end, the telco has reached out to […]
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