Asset Sales

EQT- and Temasek-backed O2 Power is in talks with Jakson Group to purchase 120 MW of solar power assets of Jakson Group at an equity value of Rs 1.30 billion. The enterprise value of the […]

Many global investors, including CDPQ, KKR, Cube Highways and IRB Infrastructure Developers, have evinced interest in acquiring a 361 km long highway asset under the National Highways Authority of In­dia’s (NHAI) toll-operate-transfer (TOT) 12 auction. […]

Blackstone has acquired a part of an Indian logistics company’s wareho­using parks business, which it had started acquiring in tranches three years ago. The firm has now acquired a 10 per cent stake in five […]

NDR Warehousing, a logistics solutions provider, has announced the ac­quisition of LSA Warehousing Private Limited for about Rs 420 million. The acquisition includes an expansive 18 acre project strategically positioned along the Sohna-Ballabgarh road.

The Odisha government has called off its plan to divest a 49 per cent stake in the Odisha Power Generation Corporation, which was anno­un­ced in January 2023. The sale process had generated a poor response […]

Sekura Roads is set to acquire Thrissur Expressway Limited (TEL) from KMC Constructions for Rs 8 billion. Currently, KMC Infratech holds around a 90 per cent stake in the 28 km long TEL, with China […]

The government has mopped up Rs 41.85 billion through the sale of a 3 per cent stake in Coal India. After the offer-for-sale (OFS), Centre’s holding has come down to 63.13 per cent in the […]

The Adani Group has terminated the agreement between Adani Roads, a subsidiary of Adani Enterprises, to acquire the road portfolio from Macquarie Asia Infrastructure Fund (MAIF) for Rs 31.10 billion. Previously, in August 2022, the […]

Private equity and infrastructure investment firms are competing to acquire nine highway projects being offered by the Macquarie Group. Cube Highways, Sekura Infrastructure Fund of Edelweiss Group, and private equity firms including Actis and KKR […]

Adani Ports and Special Economic Zone Limited (APSEZL) has finalised the sale of Myanmar Port for a total of $30 million. APSEZL has obtained an independent valuation on an “as is where is” basis due […]

IRB Infrastructure Developers (IRB) has secured the country’s second lar­gest road monetisation asset – the 158 km Hyderabad Outer Ring Road in Telangana. The project is under the TOT model for a revenue-linked concession period […]

REC Power Development and Consultancy Limited (RECPDCL) has handed over six project-specific special purpose vehicles (SPV) through the tariff-based competitive bidding (TBCB) process to Power Grid Corporation of India Limited (Powergrid). The six SPVs are […]

REC Power Development and Consultancy Limited (RECPDCL) has han­ded over the special purpose vehicle (SPV) Khavda II-A Transmission Li­mited to Adani Transmission Limited (ATL). ATL has been selected as the successful bidder of the interstate […]

PFC Consulting Limited (PFCCL) has transferred three project-specific SPVs to Powergrid. The three SPVs are Bhadla Sikar Transmission Limited, Dharamjaigarh Transmission Limited and Raipur Pool Dhamtari Trans­mis­sion Limited. Powergrid has been selected as the successful […]

JSW Neo Energy Limited (JSW Neo), a wholly-owned subsidiary of JSW En­ergy Limited, has completed the acquisition of 1,753 MW of renewable energy assets from Mytrah Energy (India) Private Limited (MEIPL), in a two-step process. […]

Hindustan Construction Company Limited (HCC) has completed sale of the entire equity stake in Baharampore-Farak.ka Highways Limited (BFHL), the SPV incorporated for implementation of the Baharampore-Fa­ra­kka Four Laning Highway Project (NH-34), to Cube Highways and […]

KKR has signed an agreement to acquire a toll road from the Hyderabad-based Navayuga Group. The private equity firm is buying the Navayuga Udupi Tollway for Rs 9.24 billion ($113.2 million). The toll road has […]

Adani Ports and Special Economic Zone (APSEZ) Limited has completed the acquisition of Karaikal Port. The acquisition cost is Rs 14.85 billion. Besides, APSEZ will spend Rs 8.5 billion in upgrading the port infrastructure. Karaikal […]

Adani Power Limited’s Rs 70.17 billion deal to buy thermal power assets of DB Power Limited has fallen through after the long stop date under the MoU dated August 18, 2022 expired. In August 2022, […]

The India Grid Trust (IndiGrid) has completed the acquisition of 100 per cent shareholding and economic interest in Khargone Transmission Limited (KTL) from Sterlite Power Transmission Limited (SPTL). IndiGrid and SPTL signed the binding share […]