Equity Moves

PROPARCO, a French development financial institution, has made a Rs 1.07 billion equity investment in Avaada Energy Private Limited. Avaada has 405 MW of operational large-scale solar projects in India and about 1 GW of […]

Fairfax India has infused an additional Rs 850 million equivalent to a 7 per cent stake in Mumbai-based Seven Islands Shipping Limited. Fairfax India had first picked up a 41.4 per cent stake in Seven […]

Logistics tech start-up Blackbuck has raised Rs 560 million (approximately $7.83 million) in a mixed equity and debt funding round from venture debt fund Trifecta Capital. Blackbuck’s board has approved allotting Trifecta 322 Series D […]

Adani Transmission Limited (ATL), Adani Electricity Mumbai Limited (AEML) and a subsidiary of the Qatar Investment Authority (QIA) have signed definitive agreements for the sale of a 25.1 per cent stake in AEML to QIA […]

The UK government’s development finance institution CDC Group Plc has made an equity investment of $36 million (Rs 2.55 billion) in logistics firm Ecom Express. The fresh equity injection will help Ecom Express expand its […]

The government is set to infuse Rs 8 billion-Rs 10 billion equity into India Infrastructure Finance Company Limited (IIFCL) to bolster its lending capability. The recent churn in the financial sector has seen private players […]

Dutch development bank FMO has proposed an additional equity investment of €1 million ($1.11 million) in Orb Energy Pte Limited, a solar photovoltaic and solar thermal solutions provider. FMO intends to purchase the equity stake […]

The government has announced that it has no plans to sell stakes in Bharat Sanchar Nigam Limited (BSNL) and MTNL. Moreover, the government has fixed a target of raising Rs 2 billion and Rs 3 […]

The Canada Pension Plan Investment Board (CPPIB) has announced an investment of up to $600 million (Rs 43 billion) through the National Investment and Infrastructure Fund [NIIF] Master Fund, deepening its exposure in India. The […]

Logistics tech start-up Blackbuck has raised Rs 560 million (approximately $7.83 million) in a mixed equity and debt funding round from venture debt fund Trifecta Capital. Blackbuck’s board has approved allotting Trifecta 322 Series D […]

French energy giant Total SA has agreed to buy a 37.4 per cent stake in Adani Gas Limited for as much as Rs 61.55 billion ($868.5 million). Total has made an open offer to public […]

Cochin Shipyard Limited (CSL) has acquired a 26 per cent stake in Hooghly Cochin Shipyard Limited (HCSL) from Hooghly Dock and Port Engineers Limited (HDPEL) for a consideration of Rs 50.6 million. Prior to the […]

Singapore sovereign wealth fund GIC has exited shipping company Mercator Limited with a huge haircut. GIC sold its entire 7.77 per cent stake in Mumbai-based Mercator Limited recently, taking a meagre Rs 30 million. The […]

Logistics and distribution firm ElasticRun has raised $40 million (approximately Rs 2.84 billion) in a funding round led by Prosus Ventures, formerly known as Naspers Ventures. Existing investors Avataar Ventures and Kalaari Capital also participated […]

Japan-based Mitsui and Company Limited has acquired a 49 per cent equity stake in Marvel Solren Private Limited from Mahindra Susten. The remaining equity (51 per cent) will continue to be held by Mahindra Susten. […]

The General Insurance Corporation (GIC) and the Abu Dhabi Investment Authority (ADIA) have signed an agreement to invest $495 million as primary equity in Greenko Energy Holdings, a renewable energy project developer. The investment will […]

ReNew Power Limited is raising an additional $300 million via a rights issue from its existing investors, namely, Goldman Sachs, Inc., the Canada Pension Plan Investment Board and ADIA. The proceeds from the issue could […]

Bharti Airtel’s rights issue for over 1.13 billion shares has been oversubscribed as it has received bids for over 1.19 billion stocks. Airtel had floated a rights issue of up to 1,133,591,075 shares, aggregating over […]

Waste management and recycling start-up Recykal has raised $2 million (Rs 138 million at current exchange rates) in a pre-Series A funding round. Triton Investment Advisors and individual investors contributed to the round. The company […]

The promoters of Vodafone Idea Limited, which include UK-based Vodafone Group and India’s Aditya Birla Group, have infused Rs 179.2 billion into the company through a rights issue. This amounts to about Rs 0.9 billion […]