Equity Moves

JSW Energy Limited has entered into an agreement with Jaiprakash Power Ventures Limited (JPVL) to restructure the principal outstanding amount of Rs 7.52 billion owed by the latter. Under key terms of the agreement, an […]

Fairfax India Holdings Corporation is trimming its stake in Bangalore International Airport Limited (BIAL), as the investment vehicle monetises a bet it first made less than four years ago. Fairfax India will reduce its stake […]

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 […]