The central government has inaugurated the Baghpat sewerage interception and diversion (I&D) and STP project on January 4, 2024. The scope of the project included the construction of a 14 mld STP and I&D network […]
Sembcorp Industries Limited has signed two separate agreements to acquire 428 MW of wind assets in China and India. Green Infra Wind Energy Limited (GIWEL), Sembcorp’s wholly owned subsidiary, has signed an agreement with Leap […]
BluPine Energy, a unit of Actis, has acquired solar power assets from the Acme Group for an enterprise value of Rs 17 billion. The acquired assets are housed in 14 SPVs. The binding agreements for […]
The Technique Solaire Group has acquired five ground-mounted solar power plants, with a total capacity of 135.4 MWp, in Karnataka. The plants have been acquired from ReNew Solar Power Private Limited. They produce more than […]
Canada’s CDPQ and UK-based Actis are in the final stages of discussions to acquire the build-operate-transfer (BOT) toll road assets of Ashoka Concessions, a subsidiary of highways builder Ashoka Buildcon. The sale process began several […]
APSEZ has announced the sale of a 49 per cent stake in its Ennore container terminal to Mediterranean Shipping Company (MSC) for Rs 2.47 billion. To this end, APSEZ entered into a share purchase agreement […]
National Asset Reconstruction Company Limited (NARCL) has successfully completed the acquisition of two SREI companies, SREI Equipment Finance and SREI Infrastructure Finance, under the Insolvency and Bankruptcy Code (IBC). This strategic move by NARCL has […]
Mapletree Logistics Trust is considering the acquisition of a Grade A warehouse at Farukhnagar, New Delhi, for Rs 900 million ($14.5 million). This represents a 2.4 per cent discount on the asset’s independent valuation of […]
Tata Power Limited has secured the bid to acquire Bikaner-III Neemrana-II Transmission Limited, a project SPV set up by PFC Consulting Limited. The company has received the letter of intent after emerging as a successful bidder […]
APSEZ is engaged in negotiations to acquire Gopalpur port in Odisha. The potential deal, with an anticipated equity value from Rs 11 billion to Rs 12 billion, aligns with Adani port’s strategic initiatives to expand […]
JSW Dharamtar Port Private Limited, a wholly owned subsidiary of JSW Infrastructure Limited (JSWIL), has signed a share purchase agreement to purchase 50 per cent plus one shares of PNP Maritime Services Private Limited (PNP […]
Ambuja Cements Limited (ACL) has announced the successful acquisition of Sanghi Industries Limited (SIL), at an enterprise value of Rs 51.85 billion. This strategic acquisition enhances Ambuja Cement’s market presence, underscoring the Adani Group’s commitment […]
Fairfax India Holdings Corporation has acquired a 7 per cent additional stake in Bangalore International Airport Limited from Siemens Project Ventures GmbH for $175 million. This follows Fairfax’s ealier purchase of a 3 per cent […]
BP, the UK’s oil giant, has agreed to acquire the 50.03 per cent stake it does not own in Lightsource BP, one of the world’s leading developers and operator of utility-scale solar and battery storage […]
According to a stock exchange filing, Bharti Telecom Limited (BTL) has increased its stake in Bharti Airtel to 39.59 per cent by acquiring an additional 1.35 per cent stake from another promoter group entity, Indian […]
The centre is planning to ask the Oil and Natural Gas Corporation (ONGC) to consider launching a rights issue of around $1.9 billion to fund green projects at its refining arm, Hindustan Petroleum Corporation Limited […]
GMR Power and Urban Infra Limited is planning to raise fresh capital from institutional investors for Phase I of the smart metering project. It is currently in talks with infrastructure-focused and sovereign wealth funds to […]
The board of SpiceJet has approved to raise fresh capital amounting to more than Rs 22.5 billion through the issue of equity shares to financial institutions and foreign institutional investors, high net worth individuals and […]
Inox Wind Limited (IWL) has received an infusion of Rs 8 billion into the company from its promoter Inox Wind Energy Limited (IWEL). On October 31, 2023, IWEL successfully completed the fund raise of Rs […]
IndiGrid has secured Rs 6.7 billion through a SEBI-compliant institutional placement (IP) process. Initiated on December 5, 2023, the IP process witnessed significant interest from both established and new institutional investors in India and globally. […]
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