Equity Moves

A Japanese consortium will invest $370 million to acquire a minority stake in I Squared Capital’s platform that invests in companies developing city gas distribution networks in India. These investors include Osaka Gas, Sumitomo Corporation, […]

The National Investment and Infrastructure Fund Limited (NIIF) and iBUS Network and Infrastructure Private Limited (iBUS) have announced an investment of around $200 million in iBUS through NIIF’s master fund to support the growth of […]

Eversource Capital, a climate-focused investment firm, is securing funding from one of its existing limited partners for its smart metering platform in India. This move puts Eversource in the same sector as other investors such […]

Vodafone Idea Limited (Vi) is planning to raise up to Rs 450 billion through a combination of equity and debt. The operator announced that its board has cleared the raising of Rs 200 billion through […]

Global private equity (PE) firm KKR is set to invest a significant portion of its new $6.4 billion Asia-focused fund in India’s infrastructure sector, including roads and highways, and renewables. The Asia Pacific Infrastructure Investors […]

Avaana Capital has announced that the Green Climate Fund (GCF) has sanctioned a significant $24.5 million investment in its climate and sustainability fund. The Avaana Capital’s climate and sustainability fund, valued at $120 million, of […]

The Competition Commission of India (CCI) has approved the proposed combination involving the acquisition of 100 per cent shareholding of Coastal Energen Private Limited (CEPL) by Dickey Alternative Investment Trust and Adani Power Limited. CEPL […]

The Competition and Consumer Commission of Singapore (CCCS) has reportedly provided conditional approval for the merger of Vistara with Air India. Singapore Airlines (SIA) owns 49 per cent of Vistara. Following the merger, SIA will […]

I-Squared Capital-backed CGD companies in India, AG&P Pratham and Think Gas Distribution, are set for a stock-for-stock merger, estimated to be valued at over $1.1 billion (Rs 90.96 billion). Both companies are in the CGD […]

Bharti Airtel has waived its right of first refusal to acquire Telecommunications Consultants India Limited’s (TCIL) 30 per cent stake in Bharti Hexacom as it sees no immediate value in such a move. Last month, […]

SpiceJet has received an additional investment of Rs 3.16 billion, taking the total amount of funds raised through a preferential issue to Rs 10.6 billion. On February 21, 2024, the airline’s board of directors approved […]

Welspun One has made its first exit from its maiden fund with a corpus of Rs 5 billion, by selling one of its earliest assets located in the Delhi-National Capital Region (NCR). It has exited […]

The Carlyle Group is reportedly planning to sell its entire 24 per cent stake in Nxtra Data Limited, the data centre subsidiary of Bharti Airtel. Carlyle acquired a 24 per cent stake in Nxtra Data […]

Edelweiss Infrastructure Yield Plus II has raised about Rs 80 billion (about $967 million) for the alternative investment fund (AIF), from limited partners (LPs) including global pension funds, domestic and offshore institutions, family office and […]

Shadowfax has raised $100 million in a funding round led by TPG to extend last mile connectivity services. Besides TPG, existing investors, including Walmart -owned e-commerce platform Flipkart, Mirae Asset, and International Finance Corporation (IFC) […]

SpiceJet has received an additional investment of Rs 3.16 billion, taking the total amount of funds raised to Rs 10.6 billion through a preferential issue. The Board of Directors of the airline on February 21, […]

KKR has raised $6.4 billion for its second Asia-Pacific infrastructure fund, claiming the position of the largest pan-regional infrastructure-dedicated fund. With this, the firm’s Asian infrastructure business now has $13 billion in assets under management.

Wiz Freight, a supply chain startup, has raised Rs 1.25 billion (approximately $15 million) in a Series B funding round led by Japan-based SBI Investment. Other participants included Tiger Global, Nippon Express Holdings, Axilor Technology […]

The Cabinet Committee on Economic Affairs has approved Coal India Limited’s equity investments for two significant projects. The first project entails an investment of Rs 19.97 billion for a coal-to-synthetic natural gas project in West […]

Edelweiss Alternatives has raised over Rs 80 billion for its second infrastructure fund, Edelweiss Alternatives Infrastructure Yield Plus II. Funds have been raised from both domestic and offshore investors, aggregating to more than double the […]