Equity Moves

The promoter of the cash-strapped Jet Airways stepped down as chairman of the board on March 25, 2019. With this move, the stake of the promoter has been reduced to 25 per cent from the […]

Bharti Airtel is going to decrease its direct stake in Bharti Infratel from 50.33 per cent to 18.3 per cent. As per an exchange filing by Bharti Infratel, Airtel’s unit, Nettle Infrastructure will be buying […]

Bharti Airtel’s board has approved its plans to raise Rs 320 billion through equity and bond sales. Of this amount, Rs 250 billion will be raised via a rights issue and the remaining Rs 70 […]

SoftBank, Carlyle invest $395 million as Delhivery joins unicorn club Logistics tech firm Delhivery Private Limited has become the newest member of India’s unicorn club after raising $395 million (around Rs 27.84 billion) in a Series […]

Cash-strapped Jet Airways’ key lenders, including the State Bank of India (SBI) and Punjab National Bank, are likely to buy out the exposure of three domestic and one foreign lender, as they are not keen […]

GVK Airport Holdings Limited, the majority shareholder in Mumbai International Airport Limited (MIAL), has exercised its right of first refusal and decided to acquire Bidvest’s 13.5 per cent stake in the airport. GVK will acquire […]

EverSource Capital and the National Investment and Infrastructure Fund have come together to back an India-focused renewable energy platform floated by UK-based development finance institution CDC. The trio will cumulatively invest $330 million (around Rs […]

Reportedly, Greenko Energy Holdings Private Limited is planning to raise $550 million (Rs 39.11 billion at current exchange rates) in a new round of funding from existing investors Singapore sovereign wealth fund GIC and Abu […]

Reportedly, Jet Airways is considering raising Rs 40 billion through a rights issue if SEBI denies an exemption to Etihad Airways from making an open offer in lieu of raising its stake in the cash-strapped […]

The Power Finance Corporation’s (PFC) plan to buy a 52 per cent stake in the Rural Electrification Corporation (REC) has been approved by the Competition Commission of India (CCI). The government is expected to acquire […]

SBI has signed an MoU with cash-strapped Jet Airways to convert its outstanding debt to equity. According to reports, SBI will hold about 15 per cent equity stake in the airline (based on the value […]

Airtel Africa Limited has announced that the Qatar Investment Authority (QIA) will invest $200 million in the company through a primary equity issuance. The proceeds will be used to reduce Airtel Africa’s existing net debt. […]

According to reports, Mauritius-based Bidvest Services, one of the shareholders in Mumbai International Airport Limited, has found a buyer for its 13.5 per cent equity stake in the airport. At present, Bidvest’s shareholdings are being […]

Reliance Industries Limited (RIL), along with its group companies (including Jio Content Distribution and Jio Internet Distribution Holdings) has announced an open offer to acquire an additional 26 per cent stake in Hathway Cable and […]

Vodafone Idea Limited’s (VIL) board of directors has approved the plan to raise Rs 250 billion through fully or partly paid-up equity shares of the company and other convertible securities such as convertible debentures. To […]

Petroliam Nasional Berhad (Petronas) is in talks with I Squared Capital to acquire a majority stake in Amplus Energy Solutions Private Limited. The value of the transaction is expected to be about Rs 27 billion. […]

Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) has sold its stake, held through wholly owned subsidiary CDP Groupe Infrastructures, in Resurgent Power Ventures Pte Limited to the sovereign wealth funds of […]

Reliance Industrial Investments and Holdings Limited has signed an agreement to acquire an 88 per cent stake in Kanoda Energy Systems Private Limited (KESL). Currently, all statutory approvals for the investment have been received and […]

The Cabinet Committee on Economic Affairs (CCEA) has accorded in-principle approval for the sale of the central government’s 52.63 per cent stake in the Rural Electrification Corporation (REC) to the Power Finance Corporation (PFC) along […]

Shell Gas, a subsidiary of Royal Dutch Shell plc, has completed the acquisition of a 26 per cent equity stake of Total Gaz Electricite Holdings France (Total) in the Hazira Port LNG Terminal Expansion Project. […]