Kotak Fund set to acquire its first road asset

May 2021

The Kotak Special Situations Fund (KSSF), the $1 billion investor in distressed assets, is close to taking control of Telangana-based HKR Roadways, an SPV building the 207 km Hyderabad-Karimnagar-Ramagundam highway. Hyderabad-based Gayatri Highways Limited controls […]



JSW Energy signs deal for sale of 18 MW thermal plant to JSW Cement

May 2021

JSW Energy has signed a business transfer agreement with JSW Cement for the sale of an 18 MW thermal power plant at Salboni in West Bengal for Rs 956.7 million. Earlier, the board of JSW […]



SECI floats tender for 1.2 GW of wind capacity under the ISTS

June 2021

The Solar Energy Corporation of India (SECI) has floated a tender for setting up 1.2 GW of wind power projects under Tranche XI of the interstate transmission system (ISTS)-connected projects in India. The discoms of […]



MSEDCL issues tender for 500 MW of solar projects under the PM-KUSUM scheme

June 2021

Maharashtra State Electricity Distribution Company Limited has issued a tender for setting up 500 MW of distributed solar projects under component A of the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM) Scheme. The […]



RCOM to convert Rs 70 billion debt to equity as per new debt restructuring plan

November 2017

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 invokes S4A

November 2017

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 […]



Adani Transmission to raise up to $1.15 billion in debt

May 2021

Adani Transmission Limited is raising up to $1.15 billion through offshore loans to fund at least four projects in Gujarat and Maharashtra. The four projects are the Western Region Strengthening Scheme, Lakadia Banaskantha Transco, Kharghar […]



JSW Hydro Energy raises $707 million from debut green bond sale

May 2021

JSW Hydro Energy Limited has raised $707 million (about Rs 52 billion) from an international green bond issue. The fixed rate senior secured green 144A/Reg S bonds for a 10-year tenor were priced at 4.125 […]



Go Airlines to launch its IPO in August 2021

June 2021

Go Airlines is likely to launch its initial public offering (IPO) in August 2021 and expects SEBI to clear the proposal by July 31, 2021. The company has filed its draft red herring prospectus with […]



Tata Power contemplating an IPO of $473 million for renewable energy business

May 2021

Tata Power is reportedly considering an IPO of $473 million for its renewable energy business. The company has shelved its initial plans to seek a partner to invest in its renewable energy business via an […]



Vector Green Energy to raise up to Rs 12 billion

June 2021

Vector Green Energy Private Limited, a private-equity backed firm, is raising about Rs 12 billion via green bonds in the domestic market. The company will use the proceeds to pay off long-term debt and fund […]



Adani Transmission to raise up to $1.15 billion in debt

May 2021

Adani Transmission Limited is raising up to $1.15 billion through offshore loans to fund at least four projects in Gujarat and Maharashtra. The four projects are the Western Region Strengthening Scheme, Lakadia Banaskantha Transco, Kharghar […]



Over Rs 3.5 trillion of assets to get monetised in next one year: ICRA

June 2021

The next year is likely to witness asset monetisation of over Rs 3.5 trillion through infrastructure investment trusts (InvITs) and real estate infrastructure trusts (REITs). As per ICRA, a constraint has been removed with the […]



Moody’s cuts India’s growth forecast to 9.3 per cent

May 2021

Moody’s Investors Service has cut India’s gross domestic product (GDP) forecast for 2021-22 to 9.3 per cent from the earlier projection of 13.7 per cent. The sharp decline in GDP estimates comes on the back […]



NHAI allocates Rs 14.17 billion for infrastructure development in Punjab

June 2021

The National Highways Authority of India (NHAI) has planned infrastructure development works worth Rs 14.17 billion in Punjab for the current fiscal. The annual plan for the state will cover a 295 km network of […]



Finance ministry releases third installment of revenue deficit grant

June 2021

The Ministry of Finance has released the third monthly instalment of its revenue deficit grant of Rs 98.71 billion to 17 states. With the release of this instalment, a total of Rs 296.13 billion has […]



ADB signs $2.5 million PRF loan for road development in Sikkim

June 2021

  The Asian Development Bank (ADB) and the Government of India have worked out a $2.5 million project readiness financing (PRF) loan to support project preparation and design activities for upgrading major district roads in […]



PNC Gomti Highways Private Limited achieves financial closure for two projects

March 2021

PNC Gomti Highways Private Limited, wholly owned subsidiary of PNC Infratech Limited, received communication from the National Highways Authority of India (NHAI) on February 12, 2021, confirming the achievement of financial closure of its project […]



Allianz Global to lead funding in Sadbhav Infrastructure

March 2021

Sadbhav Infrastructure Projects Limited will raise Rs 7 billion ($96 million) through non-convertible debentures (NCDs). The investor consortium will be led by Allianz Global Investors and joined by AMP Capital. The NCDs will have a […]



Airtel raises $1.25 billion through the issuance of dual-tranche US$ bond

March 2021

Bharti Airtel has raised $1.25 billion through the issuance of its first ever dual-tranche US dollar bond offering spread across senior and perpetual issuance. Airtel has priced its 10.25-year old senior bonds at $750 million […]



NHAI gets SEBI approval for its maiden InvIT

June 2021

NHAI has received approval from the Securities and Exchange Board of India (SEBI) to launch its maiden InvIT to raise Rs 51 billion. NHAI plans to offer 19 projects worth Rs 350 billion under the […]



NHAI InvIT to hit market by June 2021

May 2021

The maiden infrastructure investment trust (InvIT) promoted by the NHAI, through which it aims to raise Rs 51 billion, is likely to launched by June 2021. However, the NHAI InvIT will be out of bounds […]



Cochin Shipyard Limited’s IPO to be managed by SBI Capital Markets-led consortium

July 2016

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 shares listed on bourses

July 2016

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) […]



Assam government gives Rs 5 billion to OIL to increase its stake in NRL to 26 per cent

June 2021

The Assam government has handed over a cheque of Rs 5 billion to Oil India Limited (OIL) to enhance its share in Numaligarh Refinery Limited (NRL) to 26 per cent from 12.5 per cent. The […]



Punjab National Bank to buy stake in NARCL

June 2021

The government-owned Punjab National Bank (PNB) will acquire a stake in the soon-to-be-set-up National Asset Reconstruction Company Limited (NARCL). PNB has already identified non-performing assets (NPAs) worth Rs 80 billion to be transferred to the […]



AGEL to acquire 100 per cent stake in SB Energy

June 2021

AGEL has signed share purchase agreements for 100 per cent acquisition of SB Energy Holdings Limited, which has a 4,954 MW portfolio of renewable energy projects in India. AGEL will acquire an 80 per cent stake […]



Kotak Special Situations Fund acquires 74 per cent of stressed HKR Roadways

June 2021

  The Kotak Special Situations Fund has announced its eighth deal to acquire a 74 per cent stake in the stressed HKR Roadways Limited, owned by a consortium led by Gayatri Projects Limited. The alternative […]



Powergrid board approves investments worth Rs 22.02 billion

June 2021

Powergrid’s board has approved investments totalling Rs 22.02 billion for various power transmission projects. The board of directors approved investments for the Transmission System Strengthening Scheme for the evacuation of Power from Solar Energy Zones […]



NPCIL plans a capex of Rs 180 billion in 2021-22

June 2021

Nuclear Power Corporation of India Limited (NPCIL) has planned a capex of Rs 180 billion on ongoing projects for the financial year ending March 2022. Around 30 per cent of the capex will be through internal […]



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