Sterlite Power has announced the acquisition of Kishtwar Transmission Limited, a special purpose vehicle (SPV), from PFC Consulting Limited. The project was awarded to Sterlite Power through the tariff-based competitive bidding (TBCB) process in March […]
Jindal Steel & Power Limited has acquired an under-construction power plant from the Monnet Power Company for Rs 4.1 billion through the insolvency resolution process. JSPL will utilise the plant to provide power to its […]
REC Power Development and Consultancy Limited (RECPDCL) has handed over the project-specific SPV, Gadag II-A Transmission Limited, to ReNew Transmission Ventures Private Limited (RTVPL). RTVPL has been selected as the successful bidder of the inter-state […]
Arcelor Mittal Nippon Steel (AMNS) India has concluded the acquisition of assets of the Essar Group worth Rs 165 billion. The assets include a 25 million tonne per annum (mtpa) jetty at the all-weather, deep […]
As part of the company’s capital recycling strategy, ReNew Energy Global Plc is looking to sell 1 GW of its operational clean energy capacity at an enterprise value of around $1 billion. ReNew plans to […]
Pharmaceutical and biotechnology company Laurus Labs has obtained 26 per cent equity shares in Ethan Energy by investing Rs 39 million. Ethan is an SPV of Vibrant Energy Holdings. This acquisition will allow Laurus Labs […]
The Jaypee Group has signed a binding agreement to sell its cement business to Dalmia Cement (Bharat) Limited at an enterprise value of Rs 56.66 billion. The divestment includes cement plants with an aggregate capacity […]
NTPC Limited plans to transfer its entire renewable energy portfolio under a new company, NTPC Green Energy Limited, followed by monetisation of its renewable energy assets by end-January 2023. It proposes to offload a 10-20 […]
The Partners Group, a Swiss investment firm, has decided to buy a majority stake in Gurugram-based renewable energy company Sunsure Energy for Rs 32.9 billion. The investment will help Sunsure to execute its portfolio of […]
ZastLogisolutions Private Limited, which runs the truck aggregator platform Onmove, has acquired Hyderabad-based Transin Logistics for an unknown amount, in an all-cash transaction. The acquisition will expand its foothold in southern India and pave the […]
The Competition Commission of India (CCI) has approved the acquisition of Sembcorp Energy India Limited (SEIL) by Tanweer Infrastructure SAOC under the green channel route. Tanweer Infrastructure is indirectly owned by a consortium led by […]
GMR Airports Limited and the National Investment and Infrastructure Fund have announced a financial partnership to invest in the equity capital of three airport projects. These include the greenfield international airports at Mopa, in Goa, […]
CPP Investments has invested Rs 18.5 billion (C$310 million or $228.9 million) in the Kotak Infrastructure Investment Fund’s first close. The fund would provide senior and secured financing to India’s operating infrastructure projects.
Transition VC, an energy transition-focused venture capital firm, has inaugurated a fund with a target corpus of Rs 4 billion, which includes a Rs 2 billion greenshoe option. The Bengaluru-based company plans to invest in […]
Climate Angels, an angel investment syndication platform for pollution reduction and climate tech start-ups, has invested in Clean Electric, an energy storage solutions start-up, and helped it raise $2.2 million in a seed round led […]
The board of the Indian Energy Exchange has approved a proposal to buy back equity shares of up to Rs 980 million at a price not exceeding Rs 200 per share through the open market […]
Kotak Alternate Assets, administered by Kotak Investment Advisors Limited, has launched the Kotak Data Centre Fund, which will focus on the data-backed digital economy, enterprise cloud, 5G and Internet of Things (IoT). The alternatives branch […]
The Inox GFL Group has raised around Rs 15 billion across its entities. This funding has been used to pare down debt substantially across its operating companies and consequently the interest outgo will reduce substantially. […]
Adani Enterprises Limited is planning a follow-on public offering to finance the group’s expansion in green and digital businesses. It may raise around Rs 200 billion for the same. The fundraising aims to mobilise funds […]
Edelweiss Real Assets Managers Limited, part of Edelweiss Alternatives, has announced the successful closure of the AnZen India Energy Yield Plus Trust, its maiden energy infrastructure investment trust (InvIT). The AnZen Trust is a diversified […]
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