Caisse de dépôt et Placement du Québec (CDPQ), the Canadian pension fund, is in talks with the American Tower Corporation (ATC) to buy a 50 per cent stake in its Indian unit, ATC Telecom Infrastructure […]
In a bid to conduct India’s largest farmer outreach program, Garuda Aerospace, India’s leading drone manufacturer announced that it has successfully crossed the halfway mark for the Drone Yatra 2.0. The Drone Yatra 2.0 is […]
Construction work on the Z-Morh Tunnel Project is likely to be completed by December 2023. About 75 per cent of the work has been completed so far. The project involves the balance works for constructing […]
In a transaction that facilitated the investor’s exit, DB Power Limited has repurchased Global Infrastructure Partners’ (GIP) stake in its thermal power business for Rs 4 billion. The buyback was funded through the company’s internal […]
Adani Power Limited has completed the sale of its 100 per cent equity stake in wholly-owned subsidiary, Support Properties Private Limited (SPPL), to AdaniConnex Private Limited (ACX) for an enterprise value of Rs 15.57 billion. […]
The Competition Commission of India (CCI) has approved the acquisition of JM Baxi Ports and Logistics Limited by HL Terminal Holding B.V. HL Terminal Holding B.V. is a newly incorporated entity, intended to serve as […]
Welspun One Logistics Parks (WOLP) has announced the launch of its second fund of Rs 20 billion, including a greenshoe option of Rs 10 billion. WOLP Fund 2 is the successor of WOLP Fund 1, […]
Fourth Partner Energy (FPE), a Hyderabad-based solar energy company, is likely to secure new capital to expand its portfolio of power-generating assets. The renewable energy company will receive $74 million in debt financing from the […]
JSW Infrastructure has postponed its Rs 40 billion initial public offering (IPO) due to turbulent market conditions. The company is yet to file draft red herring prospectus (DRHP) with SEBI. The IPO is likely to […]
India’s largest power producer NTPC Limited is likely to divest 25 per cent of its green energy arm through an initial public offering (IPO) in 2023, after shelving a plan to sell the stake to […]
Mindspace Business Parks’ real estate investment trust (REIT) has raised Rs 5.5 billion ($66.7 million) through a debut green bond issue. The company offered green bonds maturing in three years and one month marking the […]
The National Investment and Infrastructure Fund Limited (NIIF) is set to launch its first infrastructure investment trust (InvIT) for road assets. It intends to raise growth capital of $500 million (Rs 40 billion) from international […]
A group of investors led by Kairus Shavak Dadachanji has invested Rs 1.77 billion ($21.4 million) in Shrem Infrastructure Investment Trust (InvIT). Through open market transactions, Dadachanji and other investors acquired 15.6 million shares of […]
Reliance Industries Limited (RIL) has initiated a process that could lead to the Group unlocking value in its retail business’ backend warehousing and associated logistics assets via an infrastructure investment trust (InvIT). It has already […]
The International Finance Corporation (IFC) announced a $50 million investment in a sustainability-linked bond (SLB) issued by Tata Cleantech Capital (TCCL). The funding will assist in diversifying the company’s borrowing profile in the fight against […]
Average daily production of the Indrora field has been ramped up by 50 per cent in just 20 days from acquisition and the aim is to scale up production to over 300 barrels of oil […]
Tata Power Delhi Distribution Limited (TPDDL) has inked a deal with the Asian Development Bank (ADB) to raise Rs 1.5 billion through non-convertible debentures (NCDs) to improve Delhi’s power distribution through grid modifications. Aside from […]
Vena Energy has reached financial closure of the Gudadur Hybrid Project, a 176 MW solar-wind hybrid renewable energy project in Karnataka. The project consists of 48 MW of solar capacity and 128 MW of wind […]
Reliance Industries Limited (RIL) and its unit Reliance Jio Infocomm have raised $2 billion add-on foreign currency loan at the most competitive rates. The move comes days after signing a $3 billion financing agreement in […]
The Adani Group has completed full prepayment of margin-linked share-backed financing worth $2.15 billion as part of its debt prepayment plan, before its deadline of March 31, 2023. The company also prepaid a $500 million […]
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