Punjab State Power Corporation Limited (PSPCL) is expected to acquire the Goindwal Sahib Power Project (Private) from GVK Power (Goindwal Sahib) Limited for an amount of Rs 14 billion. PSPCL emerged as the sole bidder […]
IL&FS is set to sell its stakes in three road projects – Baleshwar-Kharagpur Expressway, Jharkhand Infrastructure Implementation Company and Jharkhand Road Projects Implementation Company – as part of its resolution process. The company’s board faced […]
Tata Power Company Limited has signed a share purchase agreement and acquired a 100 per cent equity stake in Bikaner III Neemrana II Transmission Limited, an SPV, for Rs 186 million. The SPV, formed in […]
Power Grid Corporation of India Limited (Powergrid) has acquired two project SPVs, Ramgarh II Transmission Limited and Beawar Dausa Transmission Limited. This acquisition is part of the transmission system projects designed for power evacuation from […]
Vodafone Idea Limited is reportedly in advanced negotiations with private equity companies to monetise its fibre assets and in-building solutions (IBS) to raise around Rs 100 billion-Rs 120 billion. As per industry sources, the valuation […]
Several prominent global and domestic infrastructure funds are actively pursuing the acquisition of NIIF’s road assets. The portfolio, comprising five road stretches spanning 230 km across India, is expected to have an enterprise value ranging […]
The National Highways Authority of India (NHAI) has exceeded its 2023-24 monetisation target by awarding toll-operate-transfer (TOT) Bundles 13 and 14 for a total of Rs 93.84 billion. This achievement raises the total TOT bundles […]
India Grid Trust (IndiGrid) has signed a share purchase agreement with ReNew Solar Power Private Limited (RSPPL) to acquire ReNew Solar Urja Private Limited (RSUPL) at an enterprise valuation of Rs 15.50 billion. The valuation, […]
Sembcorp Industries Limited has signed two separate agreements to acquire 428 MW of wind assets in China and India. Green Infra Wind Energy Limited (GIWEL), Sembcorp’s wholly owned subsidiary, has signed an agreement with Leap […]
BluPine Energy, a unit of Actis, has acquired solar power assets from the Acme Group for an enterprise value of Rs 17 billion. The acquired assets are housed in 14 SPVs. The binding agreements for […]
The Technique Solaire Group has acquired five ground-mounted solar power plants, with a total capacity of 135.4 MWp, in Karnataka. The plants have been acquired from ReNew Solar Power Private Limited. They produce more than […]
Canada’s CDPQ and UK-based Actis are in the final stages of discussions to acquire the build-operate-transfer (BOT) toll road assets of Ashoka Concessions, a subsidiary of highways builder Ashoka Buildcon. The sale process began several […]
APSEZ has announced the sale of a 49 per cent stake in its Ennore container terminal to Mediterranean Shipping Company (MSC) for Rs 2.47 billion. To this end, APSEZ entered into a share purchase agreement […]
National Asset Reconstruction Company Limited (NARCL) has successfully completed the acquisition of two SREI companies, SREI Equipment Finance and SREI Infrastructure Finance, under the Insolvency and Bankruptcy Code (IBC). This strategic move by NARCL has […]
Mapletree Logistics Trust is considering the acquisition of a Grade A warehouse at Farukhnagar, New Delhi, for Rs 900 million ($14.5 million). This represents a 2.4 per cent discount on the asset’s independent valuation of […]
Tata Power Limited has secured the bid to acquire Bikaner-III Neemrana-II Transmission Limited, a project SPV set up by PFC Consulting Limited. The company has received the letter of intent after emerging as a successful bidder […]
APSEZ is engaged in negotiations to acquire Gopalpur port in Odisha. The potential deal, with an anticipated equity value from Rs 11 billion to Rs 12 billion, aligns with Adani port’s strategic initiatives to expand […]
JSW Dharamtar Port Private Limited, a wholly owned subsidiary of JSW Infrastructure Limited (JSWIL), has signed a share purchase agreement to purchase 50 per cent plus one shares of PNP Maritime Services Private Limited (PNP […]
Adani Energy Solutions Limited (AESL) has received the letter of intent (LoI) for the acquisition of Halvad Transmission Limited from Power Finance Corporation Consulting Limited (PFCCL). The Halvad Transmission, a special purpose vehicle, has been […]
Edelweiss Alternative Asset Management, a subsidiary of Edelweiss Financial Services, is selling around 10-20 per cent stake to raise around Rs 15-20 billion. The stake sale is expected to conclude in 4-5 months and is […]
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