IDFC Alternatives’ first infrastructure fund has exited its investment in a unit of logistics company JM Baxi Group by selling its holding to promoters. IDFC Alternatives’ India Infrastructure Fund had invested about Rs 2.2 billion […]
The national oil companies (NOCs) of Oman, Kuwait and Abu Dhabi have shown interest in buying a stake of up to 24 per cent in Madhya Pradesh’s Bina refinery. The refinery has a capacity of […]
Idea Cellular has completed the allotment of 326.63 million equity shares to entities of the Aditya Birla Group, at an issue price of Rs 99.50 per share totalling Rs 32.5 billion. Post the preferential allotment, […]
Solar equipment manufacturer Orb Energy Private Limited has raised $15 million (Rs 950 million) through a combination of debt and equity from Dutch Development bank FMO, the Overseas Private Investment Corporation (OPIC), African finance institution […]
Solar power producer Kiran Energy Solar Power Private Limited has raised Rs 700 million ($11 million) in a fresh round of equity fund raising from existing institutional investors. The company has raised the amount in […]
Gurugram-based logistics services provider Rivigo Services Private Limited has raised Rs 3.22 billion ($50 million) in a Series D round. The company’s existing institutional investors, SAIF Partners and Warburg Pincus, have participated in the funding […]
The Canada Pension Plan Investment Board (CPPIB) has acquired a 6.3 per cent stake in ReNew Power Ventures Private Limited from ADB for $144 million (Rs 9.2 billion). This is the first stage of CPPIB’s […]
Bharti Airtel will transfer a 25 per cent stake in its direct-to-home (DTH) arm, Bharti Telemedia Limited, to its wholly owned subsidiary Nettle Infrastructure Investments. However, the date of the sale transaction is yet to […]
Sterlite Power Grid Ventures Limited has acquired a 28.4 per cent stake worth Rs 10.1 billion in its transmission infrastructure business from Standard Chartered Private Equity Limited (SCPE). With this, the company now holds a […]
Solar equipment manufacturer Orb Energy Private Limited has raised $15 million (Rs 950 million) through a combination of debt and equity from Dutch development bank FMO, the Overseas Private Investment Corporation (OPIC), African finance institution […]
Global private equity firm Warburg Pincus’s affiliate will acquire a 20 per cent stake in Bharti Telemedia Limited, the direct-to-home (DTH) arm of Airtel. As per the deal, which is valued at $350 million, Bharti […]
A Mitsubishi Corporation-led Japanese consortium has agreed to acquire a 20 per cent stake in I Squared Capital and IFC -backed Cube Highways for $300 million-$350 million. Besides Mitsubishi Corporation, the consortium includes the East […]
According to reports, the consortium of Ilog Port (Dahej) Private Limited (wholly owned by Srei Infrastructure Finance Limited) and JSW Infrastructure Limited (JSWIL) is likely to acquire a stake in the Dahej greenfield port project. […]
Reportedly, five companies have submitted expression of interest bids for acquiring a stake in the Dahej greenfield port project. The companies are JSW Infrastructure Limited, IMC Limited, Essar Ports Limited, Shapoorji Pallonji & Company Limited […]
Petronet LNG Limited (PLL) has dropped its plans to buy a 25 per cent stake in Gujarat State Petroleum Corporation’s (GSPC) Mundra LNG import terminal in Gujarat, in order to allow its promoter Indian Oil […]
Bharti Airtel has divested 83 million shares of its subsidiary Bharti Infratel for Rs 33.25 billion through a secondary share sale in the stock market. The sale was executed at a price of Rs 400.60 […]
ONGC Videsh Limited (OVL), the overseas investment arm of the Oil and Natural Gas Corporation (ONGC), has acquired a 15 per cent stake in Namibia’s offshore Block 2012A from Tullow Oil. OVL executed the deal […]
Lenders to GTL Infrastructure have received bids for the acquisition of a 58 per cent stake in the telecom tower company. Among the bidders are the Bain-Piramal joint venture asset reconstruction company, Aion Capital and […]
The Competition Commission of India (CCI) has permitted the intra-group transfer of shares of Indus Towers to Vodafone India’s shareholders from the telecom operator. According to the CCI, the 12 equity shareholders of Vodafone India […]
Five investors have reportedly put in non-binding bids to buy a stake of about 35 per cent in Jaiprakash Power Ventures Limited (JPVL). Initially, JPVL had received expressions of interest from 11 players; however, now […]
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