UltraTech Cement is likely to acquire the cement business of Kesoram Industries on a share swap basis. The deal size has not been disclosed. The demerger and merger will help Kesoram Industries in deleveraging the […]
StarAgri Warehousing and Collateral Management Limited is currently considering an initial public offering (IPO) over the next 18-24 months, after recording strong growth over the last three years. The discussions are currently in the preliminary […]
The State Bank of India (SBI) is likely to consider raising funds through additional tier-1 (AT-1) bonds by end December 2023 to augment its capital base. The fund-raise may be in the range of Rs […]
The Rural Electrification Corporation Limited (REC) has approved a proposal to increase the borrowing to Rs 1.5 trillion from Rs 1.2 trillion for 2023-24. The board of directors have approved the revision under the market […]
The National Highways Authority of India (NHAI) has set an ambitious fundraising target of over Rs 150 billion in the remaining four months of the 2023-24. The initiative aims to reduce NHAI’s debt and address […]
The Indian Renewable Energy Development Agency Limited (IREDA) has raised a total of Rs 6.43 billion from anchor investors ahead of the launch of its initial public offering (IPO). Some of the anchor investors in […]
The Centre plans to ask Oil and Natural Gas Corporation to consider launching a rights issue of around $1.9 billion to help fund green projects at refining arm Hindustan Petroleum Corporation Limited (HPCL). The move […]
Bharti Airtel is reportedly exploring a fundraise of around $1 billion (approximately Rs 83.3 billion) to prepay a significant portion of its remaining dues relating to the spectrum bought in 2015. This fundraise could also […]
IL&FS Transportation Networks has sold the entire equity stake it held in Jorabat Shillong Expressway Limited (JSEL), a wholly-owned subsidiary to Sekura Roads for Rs 13.43 billion. With this transaction, all the liabilities have been […]
Siemens AG is planning to buy an 18 per cent stake from Siemens Energy in their Indian joint venture, Siemens Limited for around $2.28 billion, reflecting a 15 per cent discount on their average price. […]
World Bank has signed a $200 million project with the Government of India and the Government of Himachal Pradesh to facilitate power sector reforms and increase the share of renewable energy in Himachal Pradesh’s electricity […]
The Centre has sanctioned funds worth Rs 1 billion for development of the Tura Bulk Water Supply Scheme (WSS) in Meghalaya. The project has been approved under the North East Special Infrastructure Development Scheme. Tenders […]
The British International Investment (BII) has made a partial exit from an Indian logistics company TVS ILP, allowing Lingotto, an international investment company owned by Exor. N.V to buy out its stakes. The financial details […]
Inox Wind Energy Limited (IWEL) has raised Rs 8 billion through sale of equity shares of Inox Wind Limited (IWL) via block deals on the stock exchanges. The transaction witnessed strong participation across long-only domestic […]
Reliance Industries Limited plans to raise up to Rs 200 billion in its largest ever domestic bond sale, marking the biggest such domestic issuance by a non-banking, financial services and insurance (BFSI) private entity in […]
Development Finance Corporation (DFC) will lend $553 million (Rs 45.90 billion) to Colombo West International Terminal (CWIT)-a consortium of India’s largest port operator Adani Ports and SEZ, Sri Lanka’s enterprise John Keells Holdings (JKH) and […]
Siemens Energy is considering selling a part of its 24 per cent stake worth $3.4 billion in Siemens Limited to former parent Siemens AG. This partial stake sale would be a quick way for the […]
Amplus and I Squared Capital have collaborated to set up a climate solutions platform—Hexa Climate Solutions—with a focus on renewable energy, water and carbon oxides; wherein I Squared Capital will invest around $500 million. The […]
Power Grid Corporation of India Limited (Powergrid) has acquired Beawar Dausa Transmission Limited and Ramgarh II Transmission Limited (RIITL) through tariff-based competitive bidding (TBCB). Powergrid will develop the project on build, own, operate and transfer […]
Ontario Teachers’ Pension Plan (OTPP), the Canadian pension fund manager is investing in an Indian logistics company, XpressBees, by acquiring a minority stake for an undisclosed amount. The Competition Commission of India (CCI) has accorded […]
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