Reliance Communications (RCOM) has presented a fresh plan to recast its Rs 450 billion debt. The plan includes converting Rs 70 billion of debt into equity by banks and handing over the majority stake to […]

SPML Infra Limited has implemented the Scheme for Sustainable Structuring of Stressed Assets for converting Rs 5.46 billion of its Rs 11.17 billion debt into optionally convertible debentures (OCDs). The OCDs have a tenor of […]

The State Bank of India (SBI) may partner with the Life Insurance Corporation of India (LIC) and India Infrastructure Finance Company Limited (IIFCL) to set up a credit enhancement fund that will provide guarantees to […]

Powergrid Corporation of India Limited plans to raise up to Rs 40 billion through domestic bonds by September 2016. The funds will be utilised to meet the company’s working capital expenditure. This would be the […]

Antony Waste Handling Cell Limited’s initial public offering (IPO) has received a strong response, with demand across all investor categories. The offering of 6.67 million shares, excluding the anchor investors’ portion, received bids for 100.27 […]

IndiGrid has acquired the solar portfolio of Madrid-based Fotowatio Renewable Ventures (FRV) in a deal worth Rs 6.6 billion (nearly $90 million) at current exchange rates. IndiGrid has signed a purchase agreement with FRV Solar […]

Sterlite Power has raised Rs 2 billion in debt financing from Allianz Global Investors. The amount has been raised as a non-convertible debenture with a three-year tenor and is part of the larger refinancing exercise […]

Power Finance Corporation Limited (PFC) is planning to sell bonds worth $1.4 billion to individual investors. According to PFC’s draft prospectus, it plans to raise the entire amount in this quarter. The planned offering will […]

The suspension of the Insolvency and Bankruptcy Code (IBC) has been extended for another three months, till March 31, 2021. This will help businesses cope with the economic disruptions caused by the coronavirus pandemic and […]

The Asian Development Bank (ADB) has approved a $231 million loan for setting up the 120 MW Lower Kopili hydroelectric project (HEP) in Assam. The project will double the hydropower generation capacity of Assam Power […]

The Power Finance Corporation (PFC) has sanctioned Rs 27.9 billion to Jammu & Kashmir Power Corporation Limited (JKPCL) for clearing its outstanding dues. PFC and JKPCL signed and exchanged an agreement for the Liquidity Infusion […]

The Kerala Infrastructure Investment Fund Board (KIIFB) has released funds worth Rs 3.2 billion as the first instalment to the National Highways Authority of India (NHAI) for acquisition of land for the Kasaragod-Thiruvananthapuram highway project. […]

PNC Infratech Limited has submitted financial documents to the National Highways Authority of India (NHAI) for three HAM projects – PNC Unnao Highways Private Limited, PNC Gomti Highways Private Limited and PNC Bithur Kanpur Highways […]

DME Development Limited, a special purpose vehicle (SPV) fully owned by NHAI, is planning to raise Rs 460 billion in debt over the next two to three years to part finance the Delhi-Mumbai expressway project. […]

GMR Hyderabad International Airport Limited, a GMR Group company, has raised $300 million from the overseas bond market to take up expansion works at the Rajiv Gandhi International Airport. In this regard, a purchase agreement […]

Hyderabad-based Mytrah Energy Limited has raised Rs 18 billion from the Piramal Group’s financial services companies in the form of non-convertible debentures (NCDs). The NCDs, carrying a tenor of seven years, will be invested in […]

IndiGrid has acquired the solar portfolio of Madrid-based Fotowatio Renewable Ventures (FRV) in a deal worth Rs 6.6 billion (nearly $90 million) at current exchange rates. IndiGrid has signed a purchase agreement with FRV Solar […]

Reliance Infrastructure Limited (RInfra) has completed the sale of its entire 74 per cent equity stake in Parbati Koldam Transmission Company Limited (PKTCL) to the India Grid Trust (IndiGrid) for an enterprise value of Rs […]

Cochin Shipyard Limited has hired a consortium of merchant bankers led by SBI Capital Markets Limited to manage its IPO. The other members of the consortium are JM Financial Institutional Securities Limited and Edelweiss Financial […]

Mahanagar Gas Limited (MGL) is listed on the exchanges at Rs 540 per share, up 28 per cent from its issue price of Rs 421 per share. The country’s second largest compressed natural gas (CNG) […]

NIIF is leading a $390 million (Rs 28.7 billion) funding round in Ayana Renewable Power. The proposed transaction will make NIIF, which will invest $284 million, a majority shareholder in Ayana. The CDC Group, the […]

National Investment and Infrastructure Fund Limited (NIIF) has marked the final close of its NIIF Master Fund at $2.34 billion (Rs 172.93 billion) after receiving commitments from the fifth set of limited partners. Canadian pension […]

Bharat Petroleum Corporation Limited  (BPCL) will acquire a 36.62 per cent stake in Bharat Oman Refineries Limited (BORL) from OQ S.A.0.C. (formerly Oman Oil Company S.A.O.C.). This would amount to 888 million equity shares. Currently, […]

NHPC has signed a definitive agreement for the implementation of the approved resolution plan for the takeover of Jalpower Corporation Limited (JPCL), which implemented the 120 MW Rangit Stage IV HEP in Sikkim. The NCLT, […]

The US-based-based firm Interups Inc. is planning to invest $9 billion in India’s aviation sector over the next five years. Interups’ bid includes an InvIT structure that will subsume the airline’s revenue generating arms, separated […]

According to sources, the Ministry of Finance is mulling over a proposal that includes temporary suspension of most of the taxes levied on the aviation sector, including a deferment of the aviation fuel tax. The […]