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Equity Moves

WOLP marks initial close of second fund

Welspun One Logistics Parks (WOLP), the logistics fund and development management platform of the Welspun Group, has reached the initial close of its second alternative investment fund after raising approximately one-fourth of the corpus. The […]

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Loans

NaBFID to loan over $12 billion in 2023-24

The government-backed National Bank for Financing Infrastructure and Development (NaBFID) may sanction close to Rs 1 trillion ($12.23 billion) in loans in 2023-24. The infrastructure lender has sanctioned in-principle loans worth Rs 450 billion so […]

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Mergers & Acquisitions

Vedanta, Torrent eye power generation company

Coastal Energen, power generation company, which is currently undergoing an insolvency process, has attracted interests from buyers including Vedanta, Torrent Power, Jindal Power and Dickey Alternative Investment Fund. Around 18 companies are in the race […]

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Asset Sales

RECPDCL hands over six SPVs to Powergrid

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 […]

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Asset Sales

KKR acquires road asset from Navayuga

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 […]