The Asian Development Bank (ADB) has approved $200 million additional financing for the Rajasthan secondary towns development sector project. The project includes work to improve the water supply and sanitation systems in Rajasthan. Under this […]
Singapore-based Mapletree Investments acquired the remaining assets of a logistics park owned by KSH Infra Industrial Park Private Limited, a subsidiary of the Pune-based KSH Infra Group, for around Rs 3.2 billion (about $38.7 million), […]
Welspun Enterprises Limited has executed definitive agreements with Actis Highway Infra Limited for the sale of five completed HAM projects and one operating build-operate-transfer (BOT) toll asset. The HAM assets include Welspun Delhi Meerut Expressway […]
The Mirae Asset Credit Opportunities Fund has announced the acquisition of an industrial logistics and warehousing asset in Mumbai for Rs 1.3 billion, the first transaction of its kind under its India-focused foreign institutional funds, […]
The Arunachal Pradesh government has decided to hand over five terminated hydropower projects with a generation capacity of 2,820 MW to two central public sector undertakings. These five projects will require an investment of Rs […]
Reliance Jio has deposited Rs 37.2 billion in a State Bank of India (SBI) escrow account, marking the completion of its acquisition of Reliance Infratel Limited (RITL), the tower business of Reliance Communications which is […]
The Alberta Investment Management Corporation (AIMCo), Ontario Municipal Employees’ Retirement System (OMERS), Brookfield Asset Management Inc. and I Squared Capital are looking to invest in renewable energy firm Fourth Partner Energy Private Limited. The transaction […]
The majority of lenders to LancoAmarkantak Power have voted in favour of an offer from the Power Finance Corp (PFC)-REC team, whose debt-resolution plan garnered the most support in a bidding competition. The team earned […]
Inox Green Energy Services has acquired a majority stake in an unrevealed independent wind power operations and maintenance (O&M) company with over 230 MW of operating capacity, primarily in South India. This acquisition is expected […]
Gateway Distriparks Limited (GDL) recently completed the acquisition of Kashipur Infrastructure and Freight Terminal Private Limited (KIFTPL). KIFTPL owns and operates an inland container depot (ICD) at Kashipur in Uttarakhand. Spread over 41 acres, the […]
The Dutch subsidiary of Tata Communications has agreed to acquire US-based media service provider Switch Enterprises for a cash consideration of $58.8 million (around Rs 4.86 billion). The acquisition will enable direct upsell opportunities for […]
Bharti Airtel has announced that it has acquired a strategic stake in Lemnisk (Immensitas Private Limited) under Airtel’s Start Up Accelerator Program. The deal is subject to all applicable statutory approvals. Lemnisk is a Bengaluru-based […]
Shapoorji Pallonji has announced that it will offload a 2.5 per cent stake in Sterling and Wilson Renewable through an offer for sale. It has set the floor price at Rs 270 per share. Shapoorji Pallonji plans to […]
Larsen & Toubro sold a 51 per cent stake in the L&T Infrastructure Development Project to Edelweiss Alternatives’ portfolio company in order to decrease its exposure to non-core asset-heavy development projects. This is a major step […]
The new Norwegian Climate Investment Fund, managed by Norfund, together with KLP, has made its first investment of Rs 900 million in an Indian transmission project in Karanataka being developed by ReNew Power. Norfund and […]
The stakes of Jet Airways’ shareholders will decline by 0.2 per cent upon its takeover by the Jalan Kalrock Consortium. As per official documents, the consortium has made a proposal to reframe the shareholding from […]
HDFC Capital Advisors Limited, a wholly owned subsidiary of HDFC Limited, has marked a $376 million initial close for Scheme 2 of its HDFC Capital Affordable Real Estate Fund-3 (H-CARE 3) (around Rs 30 billion). […]
The Indian Energy Exchange (IEX) has received shareholders’ approval through a postal ballot to buy back shares worth up to Rs 980 million. The company’s board of directors had approved the cash offer for the […]
Digital Edge, headquartered in Singapore, is collaborating with the National Investment and Infrastructure Fund (NIIF) and AGP DC InvestCo Private Limited to build a pan-Indian portfolio of hyperscale data centres. The first project of the […]
The board of IRB Infrastructure Developers has approved a stock split of 10 for 1. The board of directors of the firm has accepted the proposal for the subdivision of the existing equity shares from […]
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