Pharmaceutical and biotechnology company Laurus Labs has obtained 26 per cent equity shares in Ethan Energy by investing Rs 39 million. Ethan is an SPV of Vibrant Energy Holdings. This acquisition will allow Laurus Labs […]
The Jaypee Group has signed a binding agreement to sell its cement business to Dalmia Cement (Bharat) Limited at an enterprise value of Rs 56.66 billion. The divestment includes cement plants with an aggregate capacity […]
NTPC Limited plans to transfer its entire renewable energy portfolio under a new company, NTPC Green Energy Limited, followed by monetisation of its renewable energy assets by end-January 2023. It proposes to offload a 10-20 […]
The CCI has approved the acquisition of the share capital of eighteen subsidiaries of Mytrah Energy (India) Private Limited by JSW Neo Energy through individual share purchase agreements. The acquisition presents an opportunity for JSW […]
The National Company Law Tribunal (NCLT) has granted approval for the acquisition of 58.1 per cent stake in Gangavaram Port Limited (GPL) by Adani Ports and Special Economic Zones Limited (APSEZL). The deal has priced […]
Adani Green Energy Limited (AGEL) has completed the acquisition of 100 per cent equity share capital of three entities from Inox Green Energy Services Limited (IGESL). The entities are Wind One Renergy Limited, Wind Three […]
Powergrid has acquired ER NER Transmission Limited (ETL) from the bid process coordinator, REC Power Development and Consultancy Limited. ETL is a project special purpose vehicle for establishing an interstate transmission system (ISTS) under a […]
Resurgent Power Ventures has acquired South East UP Power Transmission Company Limited (SEUPPTCL) for Rs 32.51 billion (about $408 million) through an insolvency process. This marks Resurgent’s third acquisition. In accordance with the resolution plan, […]
Torrent Power Limited has completed acquisition of a 50 MW solar power plant in Telangana from the SkyPower Group for Rs 4.16 billion. The long-term power purchase agreement for the project is with Northern Power […]
JSW Energy Limited, Torrent Power Limited, Apraava Energy (formerly CLP India Private Limited) and Sembcorp Industries have joined the race for acquiring 700 MW of wind and solar energy assets under Vector Green Energy Private […]
UK’s global investor Actis has acquired a portfolio of six operating highway toll road projects in India from Welspun Enterprises Limited, part of the Welspun Group, for a total value of $775 million (Rs 60 […]
Essar Power Limited has entered into a definitive agreement with ATL to sell one of its two transmission lines for Rs 19.13 billion. Essar Power Transmission Company Limited has 465 km of transmission lines across […]
The National Investment and Infrastructure Fund (NIIF) is in advanced discussions to acquire a road project jointly owned by Ashoka Buildcon and Macquarie India. The project, located in Madhya Pradesh, is estimated at around Rs […]
Power Grid Corporation of India Limited (Powergrid) has acquired Mohanlalganj Transmission Limited (MTL) in Uttar Pradesh for over Rs 91.1 million, including 10,000 equity shares at Rs 10 each, along with assets and liabilities of […]
Rays Power Infra Private Limited has sold its solar projects in the states of Tamil Nadu, Karnataka and Telangana to two global investors, at an aggregate enterprise value of over Rs 7 billion. Post the […]
Resurgent Power Ventures Private Limited has been awarded a letter of intent (LoI) by the resolution professional of South East UP Power Transmission Company Limited (SEUPPTCL), selecting Resurgent as a successful resolution applicant under the […]
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 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 […]
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