Asset Sales

Acme Solar Holdings has executed a share purchase agreement (SPA) to completely acquire equity shares of AK Renewable Infra. The transaction has an enterprise value of Rs 792.5 million. Furthermore, the acquisition will be finalised […]

Adani Enterprises has signed a share purchase agreement (SPA) to acquire a 100 per cent stake in DP Jain TOT Toll Roads for an enterprise value not exceeding Rs 13.42 billion. The asset has been […]

IRB InvIT Fund’s unitholders have approved the proposed acquisition of  a 100 per cent stake in three road assets from IRB Infrastructure Trust. These three highway assets have an enterprise value of Rs 84.36 billion. […]

Cube Mobility Investments has divested a 3.62 per cent stake in Cube Highways Trust for Rs 6.15 billion through an open market transaction. Cube Mobility divested 28.1 million units on the Bombay Stock Exchange and […]

The Blackstone Group has acquired South City Mall in Kolkata for Rs 32.5 billion from South City Projects. South City is one of the largest malls in eastern India, spanning over 1 million sq. ft. […]

The National Company Law Tribunal (NCLT) has approved the sale of IL&FS’s Chennai Nashri Tunnelway to Cube Highways for Rs 60 billion. The deal’s execution and final approvals are still awaited. For secured lenders, recovery […]

Cube Highways Infrastructure Investment Trust (InvIT) has entered into a share purchase agreement (SPA) with the National Investment and Infrastructure Fund Limited (NIIF) to acquire two road assets valued at Rs 41.84 billion. The deal […]

Indus Towers’ board has approved the acquisition of telecom assets from Bharti Airtel and Bharti Hexacom for up to Rs 33.08 billion through a slump sale. The transaction comprises the acquisition of passive infrastructure assets/ […]

Adani Road Transport Limited has emerged as the highest bidder for toll-operate-transfer (TOT) bundle 15 with a bid of Rs 16.92 billion. Under TOT 15, the concessionaire will have toll collection rights for 20 years. […]

Ashoka Buildcon Limited (ABL) and its subsidiary, Ashoka Concessions Limited (ACL), have entered into an SPA with Edelweiss’s infrastructure funds, Epic Concesiones 2 Private Limited, Infrastructure Yield Plus II, and Infrastructure Yield Plus IIA to […]

POWERGRID Infrastructure Investment Trust (PGInvIT) has completed the acquisition of 26 per cent equity shares of four SPVs from Power Grid Corporation of India Limited (POWERGRID) for Rs 5.06 billion. The SPVs include POWERGRID Kala […]

JSW Neo Energy, a wholly-owned subsidiary of JSW Energy, has entered into a definitive agreement to acquire O2 Power Midco Holdings, O2 Energy SG and their subsidiaries from O2 Power for Rs 124.68 billion. O2 […]

NDR InvIT Trust, an infrastructure investment trust (InvIT), has acquired grade-A industrial and warehousing assets in Surat, Hyderabad, Bengaluru, and Pune for Rs 7.06 billion. The assets span over 2.1 million square feet of operational […]

The National Highways Infrastructure Trust (NHIT) will raise Rs 150 billion through a combination of debt and equity within the next two months. The funds will be utilised to acquire new assets under the infrastructure […]

IRB Infrastructure Trust, has made a non-binding offer to IRB InvIT to acquire five toll assets having an enterprise value of around Rs 150 billion. The proposed acquisition is subject to signing of definitive agreements […]

Alta Capital has acquired warehouse assets of 2.5 million sq. ft from Indospace for Rs 8.4 billion. The deal comprises of Grade A warehouses in Pune and Chennai. The acquisition will expand Alta Capital’s portfolio […]