KKR and the Hero Group have signed definitive agreements to invest $450 million in Hero Future Energies (HFE), the renewable energy arm of the Hero Group. This investment in HFE is from KKR’s Asia Pacific […]
Bharti Airtel’s board of directors has cleared the issue of equity shares to Google International LLC on a preferential basis. The move follows Google’s purchase of a 1.2 per cent stake in Airtel for $700 […]
Vodafone Idea Limited (Vi) will raise Rs 4.36 billion from its UK-based promoter, Vodafone Group Plc. The funds raised will be used by Vi for network expansion as well as to prepare for the upcoming […]
Statiq, an EV charging network, has raised $25.7 million (over Rs 2 billion) in a funding round led by Shell Ventures. The firm aims to use the Series A funding to primarily invest in product […]
Route Mobile informed that its board had approved Rs 1.2 billion spending to buy back shares from shareholders barring promoter, promoter group and persons who are in control of the company. As per the regulatory […]
Airtel Africa has raised tender offer to buy back up to $450 million (about Rs 35.5 billion) of senior notes. The tender has been raised by Bharti Airtel International (Netherlands) BV, which manages Airtel’s Africa […]
Abdul Latif Jameel, a global investor based in Saudi Arabia, has committed to invest up to $220 million (Rs 17 billion) in Greaves Electric Mobility, a two-to-three-wheeler mobility company. The global investor will initially invest […]
Abdul Latif Jameel, a global investor based in Saudi Arabia, has committed to invest up to $220 million (Rs 17 billion) in Greaves Electric Mobility, a two-to-three-wheeler mobility company. The global investor will initially invest […]
Grey Orange Private Limited, which operates the warehouse robotics and automation company Grey Orange, has raised $110 million (about Rs 8.52 billion) from US-based investment firm Mithril Capital Management, as well as separate financing from […]
The board of Vi has approved the proposal to raise funds up to Rs 145 billion through various means, including Rs 45 billion from promoter entities. The board approved issuance of up to 3.38 billion […]
Capital A has launched a Rs 750 million cleantech fund, Evolve, which will be utilised for funding electric vehicles (EVs) and related ecosystem like battery charging start-ups. The company has launched the fund after having […]
The Assam government has handed over a cheque of Rs 5 billion to Oil India Limited (OIL) to enhance its share in Numaligarh Refinery Limited (NRL) to 26 per cent from 12.5 per cent. The […]
The government-owned Punjab National Bank (PNB) will acquire a stake in the soon-to-be-set-up National Asset Reconstruction Company Limited (NARCL). PNB has already identified non-performing assets (NPAs) worth Rs 80 billion to be transferred to the […]
The Canada Pension Plan Investment Board (CPPIB) has announced the acquisition of an additional 15.9 per cent stake in IndInfravit Trust through two transactions, bringing its total holding in the InvIT to 43.8 per cent. […]
National Investment and Infrastructure Fund Limited (NIIFL) has announced a commitment of $100 million from the New Development Bank (NDB) in the NIIF Fund of Funds (FoF). With NDB’s investment, the FoF has secured $800 […]
NHAI has raised around Rs 6.4 billion more than the base price for its fifth round of toll-operate-transfer (TOT) auctions. The authority received bids worth Rs 22.62 billion, against a reserve price of Rs 16.21 […]
Private equity major Blackstone Group is looking to acquire Embassy Industrial Parks from Warburg Pincus and the Embassy Group at an enterprise valuation of $700 million (Rs 51 billion). The transaction among Blackstone, Warburg Pincus […]
BigFoot Retail Solutions, which operates the e-commerce-focused logistics technology firm Shiprocket, has raised $27 million (Rs 2 billion) in an extended Series C round of funding. The round was co-led by the returning investor, Tribe […]
eBikeGo, an electric vehicle-based last-mile logistics firm, has raised $1.5 million (around Rs 110 million) in a pre-Series A fundraising exercise. The Mumbai-based eBikeGo has raised this capital from a cluster of new and existing […]
Morgan Stanley’s India Infrastructure Fund has acquired a stake in pallet pooling firm LEAP India for Rs 1.8 billion ($25 million). The investment will help LEAP achieve a total asset pool of 6 million and […]
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