Asset Sales

Adani Power Limited has signed a business transfer agreement with North Maharashtra Power Limited to acquire the Adani Dahanu thermal power station for Rs 8.15 billion. The power station, located in Dahanu, Maharashtra, has a […]

Actis Atlantic Holdings has entered into a definitive agreement to acquire a 100 per cent stake in Vindhyachal Expressway from Kalpataru Projects International for Rs 7.75 billion. The acquisition is expected to be completed within […]

Adani Power Limited (APL) has completed the acquisition of Coastal Energen Private Limited (CEPL) for Rs 33.35 billion for the Melamaruthur (Tuticorin) Thermal Power Project – Phase I. With this, CEPL stands dissolved, and Moxie […]

Om Logistics has acquired the Inland Container Depot (ICD) located in Bawal, Haryana, for Rs 1.1 billion. This acquisition will allow Om Logistics to enhance its operations across India, reduce average transit times, and optimise […]

REC Power Development and Consultancy Limited (RECPDCL) has transferred two project specific special purpose vehicles (SPV): Rajasthan IV-C Power Transmission Limited for Rs 185.2 million and Rajasthan IV-E Power Transmission Limited for Rs 185.4 million […]

Grasim Industries has acquired equity stakes in two special purpose vehicles (SPVs), AMPIN Energy C&I Three Private Limited and AMPIN Energy C&I One Private Limited, to develop solar power facilities at its plants in Chamarajanagar, […]

Indospace and LOGOS India are looking to monetise assets. LOGOS India is initiating the sale process to sell two of its assets in Chennai and Luhari in Haryana for an estimated Rs 18 billion. The […]

Adani Enterprises, Edelweiss Fund, Oriental Structural Engineers, GR Infrastructure and Kalyan Toll are among the 20 entities that have expressed interest in acquiring three road assets from IL&FS-Jharkhand Infrastructure Implementation, Jharkhand Road Projects Implementation, and […]

Powergrid has acquired Khavda IV-E2 Power Transmission Limited, an SPV for the evacuation of power from potential renewable energy zone in the Khavda area of Gujarat under Phase IV (7 GW): Part E2. REC Power […]

HCLTech has announced its decision to purchase the Communications Technology Group’s assets to extend its leadership in the telecom services market from Hewlett Packard Enterprise (HPE). Through this arrangement, HCLTech will acquire industry-leading intellectual property, […]

Megha Engineering and Infrastructures has put its city gas distribution (CGD) business Megha City Gas Distribution up for sale. The wholly owned subsidiary has decided to consolidate operations and has reached out to state-run Indian […]

REC Power Development and Consultancy Limited (RECPDCL) has handed over two project-specific special purpose vehicles (SPVs) formed for the implementation of two power transmission projects. The SPVs, Khavda IV-E2 Power Transmission Limited and NERES XVI […]

Highways infrastructure investment trust Shrem InvIT is moving forward with a deal worth more than $450 million, which includes the acquisition of five operational road projects across Uttar Pradesh, Bihar, Haryana, Maharashtra, Andhra Pradesh, Tamil […]

Reliance Industries Limited has completed the sale of REC Solar Norway AS to Oslo-listed Elkem ASA for approximately $22 million. In October 2021, a Reliance unit acquired the Norwegian solar panel manufacturer for an enterprise […]

Brookfield India Real Estate Trust (BIRET) is set to acquire a 50 per cent stake in four Grade A assets from Bharti Enterprises in Delhi and Gurugram at an enterprise value of Rs 60 billion. […]

Adani Energy Solutions Limited (AESL) has acquired 100 per cent stake in Essar Transco Limited (ETL) after obtaining requisite regulatory and other approvals for an enterprise value of Rs 19 billion. The acquisition covers fully […]

The Competition Commission of India (CCI) has approved the acquisition of additional shares in Sikkim Urja Limited (formerly Teesta Urja Limited) by Greenko Energies Private Limited. Greenko Energies is a limited liability company incorporated in […]

CESC Limited has entered into a share purchase agreement by Purvah Green Power Private Limited, (a step-down subsidiary of CESC, for acquisition of 100 per cent of share capital (on a fully diluted basis) of […]

The National Asset Reconstruction Company of India Limited (NARCL) has presented a binding offer to creditors for the acquisition of Rs 9.88 billion debt associated with a road project undertaken by Essel Infraprojects in Ludhiana. […]

IL&FS has announced plans to sell its entire 26 per cent equity stake in Noida Toll Bridge Company Limited (NTBCL), which owns and operates the DND flyover connecting Delhi to Noida. The decision to monetise […]