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 […]
Adani Enterprises and Adani Transmission will raise Rs 210 billion via qualified institutional placement (QIP). While Adani Enterprises has stated that it will raise Rs 125 billion, Adani Transmission will raise Rs 85 billion. The […]
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 […]
Under the bankruptcy law, the government could permit the partial transfer of a corporate debtor only if the distressed entity fails to secure a complete rescue plan. The proposed action is part of broader government […]
Macquarie Capital has bought a stake over 51 per cent stake in Mumbai-based network-as-a-service provider CloudExtel for about $100 million (about Rs 8.21 billion), making it the first such deal in the active telecom infrastructure […]
NLC India Limited’s board has approved raising up to Rs 50 billion through issuance of debentures in tranches during 2023-24. The company’s board has also approved a proposal for incorporation of a wholly-owned subsidiary 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 […]
I Squared Capital and Hinduja Renewables Energy Private Limited are the two remaining bidders for TPG Capital’s 52 per cent stake in Hyderabad-based Fourth Partner Energy Private Limited, which is valued at approximately $350 million. […]
The government will consider a Rs 300 billion equity infusion and a possible stake increase in the three oil marketing companies (OMCs) – Indian Oil Corporation, Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation […]
Solar Ladder, a Mumbai based comprehensive supply chain platform for solar installation companies, received an initial fundraising round of Rs 110 million. The raised capital will be deployed to distribute software that automates processes for […]
REC Limited has undertaken an exclusive listing of its recently issued green bonds of $750 million raised under its Global Medium Term Programme of $7 billion at Gujarat International Finance Tec-City (GIFT) International Financial Services […]
In order to promote green lending, banks are in discussion with the government regarding a Green Finance Framework that would include a preferential exemption for key statutory requirements such as cash reserve ratio (CRR), statutory […]
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 […]
REC Power Development and Consultancy Limited (RECPDCL) has handed over the special purpose vehicle (SPV) Khavda II-A Transmission Limited to Adani Transmission Limited (ATL). ATL has been selected as the successful bidder of the interstate […]
PFC Consulting Limited (PFCCL) has transferred three project-specific SPVs to Powergrid. The three SPVs are Bhadla Sikar Transmission Limited, Dharamjaigarh Transmission Limited and Raipur Pool Dhamtari Transmission Limited. Powergrid has been selected as the successful […]
JSW Neo Energy Limited (JSW Neo), a wholly-owned subsidiary of JSW Energy Limited, has completed the acquisition of 1,753 MW of renewable energy assets from Mytrah Energy (India) Private Limited (MEIPL), in a two-step process. […]
Hindustan Construction Company Limited (HCC) has completed sale of the entire equity stake in Baharampore-Farak.ka Highways Limited (BFHL), the SPV incorporated for implementation of the Baharampore-Farakka Four Laning Highway Project (NH-34), to Cube Highways and […]
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 […]
Adani Ports and Special Economic Zone (APSEZ) Limited has completed the acquisition of Karaikal Port. The acquisition cost is Rs 14.85 billion. Besides, APSEZ will spend Rs 8.5 billion in upgrading the port infrastructure. Karaikal […]
GAIL has received approval for its resolution plan from the Ahmedabad Bench of the National Company Law Tribunal (NCLT) for the acquisition of JBF Petrochemicals Limited for Rs 20.79 billion. A consortium of Indian Oil […]
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