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 […]



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 […]



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 […]



Dilip Buildcon Limited closed QIP issue on April 26, 2021

May 2021

Dilip Buildcon Limited announced the closure of the qualified institutional placement (QIP) issue on April 26, 2021. The QIP committee of the company has determined and approved the issue and allotment of almost 9.45 million […]



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 […]



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 […]



RBI announces new series of measures amid second Covid wave

May 2021

The Reserve Bank of India (RBI) has announced the emergency liquidity support of Rs 500 billion, with a three-year window, for health services. The window will be open till March 2022 and is classified under […]



International Finance Corporation to invest in GEF Capital’s India-focused clean energy fund

May 2021

The World Bank’s International Finance Corporation (IFC) is committing an equity investment of up to $15 million in an India-focused clean energy fund managed by GEF Capital Partners. The investment will be capped at 20 […]



NITI Aayog and MoR accord sanction for mobilisation of funds for the Kerala semi-HSR corridor project

May 2021

The NITI Aayog and the Ministry of Railways (MoR) have accorded sanction for mobilising funds from multilateral and bilateral agencies for the implementation of the Kerala semi-HSR corridor project (Silver Line). The project is being […]



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 […]



AIIB provides loan for Assam Intra-State Transmission System Enhancement Project

March 2021

The government has signed an agreement with the Asian Infrastructure Investment Bank (AIIB) for the Assam Intra-State Transmission System Enhancement Project. The estimated cost of the project is $365 million, of which $304 million will […]



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 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 […]



Virescent Infrastructure seeks SEBI approval for its renewable InvIT

March 2021

KKR-backed Virescent Infrastructure has floated the first infrastructure investment trust (InvIT) in the green power space and sought approval from the Securities and Exchange Board of India. The company is in the process of acquiring […]



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) […]



CPPIB to buy extra stake in IndInfravit Trust

May 2021

The Canada Pension Plan Investment Board (CPPIB) has announced the acquisition of an additional 15.9 per cent stake in IndInfravit Trust through two transactions, bringing its total holding in the InvIT to 43.8 per cent. […]



NIIFL receives $100 million investment from NDB

March 2021

National Investment and Infrastructure Fund Limited (NIIFL) has announced a commitment of $100 million from the New Development Bank (NDB) in the NIIF Fund of Funds (FoF). With NDB’s investment, the FoF has secured $800 […]



Reliance Industries to offload 11.61 per cent stake in Hathway Cable via OFS

May 2021

Reliance Industries Limited is set to offload its 11.61 per cent stake in Hathway Cable through an offer for sale (OFS) in an effort to comply with SEBI’s minimum public holding norms. As per the […]



AGEL to acquire 100 per cent stake in SB Energy

May 2021

  Adani Green Energy Limited (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 […]



NCLT approves Kalyan Toll’s resolution plan for Lanco Hoskote Highway

May 2021

The National Company Law Tribunal has approved a Rs 2.01 billion resolution plan proposed by Kalyan Toll Infrastructure Limited for Lanco Infratech Limited’s Bengaluru-Hoskote-Mulbagal toll road project. The Lanco Hoskote Highway Limited project will be […]



Adani Transmission plans Rs 45 billion capex in the financial year 2022

May 2021

Adani Transmission Limited plans to invest Rs 30 billion in its transmission business and Rs 15 billion in the Mumbai electricity distribution business in 2021-22, as the company aims to continue its expansion plan. The […]



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