Equity Moves

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 […]

Vodafone Group Plc and Bharti Airtel are in talks with a consortium led by private equity (PE) firm KKR to reduce their stakes by more than half in the company that will be created by […]

CleanMax Solar has raised Rs 2.75 billion ($39.4 million) in equity funding from UK Climate Investments LLP. This is the third institutional investor to support the company’s growth ambitions. Earlier, in 2017, it secured equity […]

Brookfield Asset Management is in talks to acquire a majority stake in Mytrah Energy (India) Private Limited’s renewable projects. The value of the transaction is expected to be between Rs 69.57 billion and Rs 104.35 […]

PE firm Apis Partners LLP has agreed to invest up to $110 million (about Rs 7.7 billion) in L&T Infra Debt Fund Limited (L&T IDF), a non-banking financing unit of Larsen & Toubro Limited. The […]

Tata Teleservices Limited (TTSL) has sought the Department of Telecommunications’ (DoT) approval to sell the remaining stake in its tower firm to American Tower Corporation (ATC), for approximately Rs 25 billion. With this, ATC’s stake […]

Stellar Value Chain Solutions Private Limited has signed a pact to buy the surface transport business of Patel Integrated Logistics Limited. Stellar will buy Patel Roadways for Rs 385 million ($5.5 million), subject to customary […]

Avaada Energy Private Limited (AEPL) has secured financing of about Rs 10 billion ($143.8 million) in the form of equity infusion from the Asian Development Bank (ADB), Germany-based DEG, the Netherlands Development Finance Company (FMO), […]

Gurugram-based logistics company Delhivery has raised $413 million (Rs 28.9 billion) in a funding round led by the SoftBank Vision Fund. Private equity firms Carlyle and China’s Fosun International invested in this round. Delhivery has […]

Kalpataru Power Transmission Limited (KPTL) has signed a definitive agreement to acquire an 85 per cent stake in Swedish firm Linjemontage i Grästorp AB (LMG) for an enterprise value of $24 million (Rs 1.65 billion). […]

Fairfax India Holdings Corporation has picked up a significant minority stake in Seven Islands Shipping Limited for Rs 5 billion ($72 million). The deal involved a fresh issue of shares and a secondary acquisition of […]

Hindustan Infralog Private Limited (HIPL), a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF), has announced the acquisition of a controlling stake worth Rs 10 billion in Kribhco Infrastructure Limited […]