The integrated terminal building at the Surat International Airport was inaugurated on December 17, 2023. The airport also received approval to be declared as an international airport. The airport aims to facilitate the seamless export […]
Adani Green Energy Limited’s board of directors has approved a preferential issuance of warrants to its promoters for a quantum of Rs 93.50 billion (equivalent to $1,125 million) at a price of Rs 1,480.75 per […]
IL&FS is set to sell its stakes in three road projects – Baleshwar-Kharagpur Expressway, Jharkhand Infrastructure Implementation Company and Jharkhand Road Projects Implementation Company – as part of its resolution process. The company’s board faced […]
Tata Power Company Limited has signed a share purchase agreement and acquired a 100 per cent equity stake in Bikaner III Neemrana II Transmission Limited, an SPV, for Rs 186 million. The SPV, formed in […]
Power Grid Corporation of India Limited (Powergrid) has acquired two project SPVs, Ramgarh II Transmission Limited and Beawar Dausa Transmission Limited. This acquisition is part of the transmission system projects designed for power evacuation from […]
Vodafone Idea Limited is reportedly in advanced negotiations with private equity companies to monetise its fibre assets and in-building solutions (IBS) to raise around Rs 100 billion-Rs 120 billion. As per industry sources, the valuation […]
Several prominent global and domestic infrastructure funds are actively pursuing the acquisition of NIIF’s road assets. The portfolio, comprising five road stretches spanning 230 km across India, is expected to have an enterprise value ranging […]
MAN Industries, a leading player in the field of pipes and infrastructure solutions has announced the successful testing of its pipes for safe hydrogen transportation on December 28, 2023, conducted by the RINA Consulting – […]
The National Highways Authority of India (NHAI) has exceeded its 2023-24 monetisation target by awarding toll-operate-transfer (TOT) Bundles 13 and 14 for a total of Rs 93.84 billion. This achievement raises the total TOT bundles […]
Hewlett Packard Enterprise (HPE) and Juniper Networks, Inc., have entered into a definitive agreement, with HPE set to acquire Juniper in an all-cash transaction for $40 per share, representing an equity value of approximately $14 […]
According to a regulatory filing, Bharti Airtel Services, a wholly owned subsidiary of Bharti Airtel, has entered into an agreement for the acquisition of 4.94 million equity shares, representing a 97.1 per cent stake in […]
Neo Asset Management has decided to raise its target corpus in its infrastructure-focused vehicle, Neo Infrastructure Income Opportunities Fund, launched in August 2023, and exercise the greenshoe option. Neo aims to enter the market with […]
The National Investment and Infrastructure Fund (NIIF) has announced an investment of Rs 6.75 billion in GMR Visakhapatnam International Airport Limited, an SPV to develop and operate the Bhogapuram International Airport in Andhra Pradesh. This […]
Sustainable Energy Infra Trust, a renewable energy infrastructure investment trust (InvIT) backed by the Mahindra Group, is planning to raise Rs 25 billion in a round led by the Asian Infrastructure Investment Bank (AIIB) with […]
Serentica Renewables Private Limited has secured external commercial borrowings amounting to Rs 35 billion for the company’s round-the-clock renewable energy project. The financial transaction involves collaboration with a consortium of six prominent banks, including three […]
REC Limited declared a successful fundraising of approximately Rs 35 billion through the green bonds’ issuance. Under its global medium-term notes programme of $10 billion, the company issued its first set of green bonds totaling […]
The central government inaugurated Tiruchirapalli airport’s new terminal building project on January 2, 2024. The project involves the development of a new integrated terminal building, including the expansion of the runway from 8,000 feet to […]
Mumbai-based investors are planning to invest Rs 11 billion for a 19 per cent stake in SpiceJet. Aries Opportunities Fund will acquire a 3 per cent stake and Elara Capital will acquire 8 per cent […]
EverSource Capital is in talks with large family offices and institutional investors to raise $100 million for its smart meter platform. The firm is looking to fill gaps in the climate tech space, with smart […]
Welspun One, an integrated fund and development management platform, has decided to invest over Rs 7 billion to develop an industrial and logistics hub spread across 55 acres within the Jawaharlal Nehru Port Authority special […]
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