Shreyas Shipping and Logistics Limited (SSL) has accorded approval to its wholly owned subsidiary, Shreyas Relay Systems Limited (SRSL), to acquire a 99.99 per cent stake in Balaji Shipping Lines FZCO, Dubai. The approval was […]
Petronet LNG Limited (PLL) has bought a 26 per cent stake in a liquefied natural gas (LNG) vessel for a consideration of Rs 1 billion. The LNG vessel, Prachi, was delivered in December 2016. After […]
Bharti Airtel has acquired a strategic equity stake in financial technology start-up Seynse Technologies for an undisclosed amount. The acquisition was undertaken through Bharti Airtel’s subsidiary Bharti Airtel Services. Seynse has created a digital lending […]
Japan-based Softbank is reportedly planning to acquire a 15-20 per cent stake in the merged entity proposed to be formed by Vodafone India and Idea Cellular. The sale of shares to a new investor will […]
Clean energy firm Bhoruka Power Corporation Limited is planning to raise equity investment of $120 million to increase renewable energy capacity to 1 GW by 2020. It is in talks with private equity investors and […]
Japan-based Softbank is reportedly planning to acquire a 15-20 per cent stake in the merged entity proposed to be formed by Vodafone India and Idea Cellular. The sale of shares to a new investor will […]
Japan-based Softbank is reportedly planning to acquire a 15-20 per cent stake in the merged entity proposed to be formed by Vodafone India and Idea Cellular. The sale of shares to a new investor will […]
US-based private equity firm Providence Equity Partners has sold its entire 3.3 per cent equity stake in Idea Cellular in a block deal for about Rs 13.25 billion, ahead of the telecom service provider’s impending […]
The board of state-owned Oil and Natural Gas Corporation (ONGC) has approved the signing of definitive agreements for buying debt-laden Gujarat State Petroleum Corporation’s (GSPC) entire 80 per cent stake in the Krishna Godavari (KG) […]
A consortium of lenders led by IDBI Bank has put on sale a 55 per cent stake in the GMR-built gas-based power project at Rajahmundry in Andhra Pradesh, which the lenders had acquired last year […]
A consortium of lenders led by IDBI Bank has put on sale a 55 per cent stake in the GMR-built gas-based power project at Rajahmundry in Andhra Pradesh, which the lenders had acquired last year […]
Indian Farmers Fertiliser Cooperative Limited (IFFCO) is planning to take a 10 per cent stake in Swan Energy Limited’s floating storage regasification unit liquefied natural gas (LNG) terminal project at Jafrabad. Earlier, Tata Realty and […]
Tata Steel Limited (TSL) has signed a definitive agreement with Creative Port Development Private Limited (CPDPL) and the latter’s promoters for the development of Subarnarekha port in Odisha. As per the terms of the agreement, […]
Bengaluru-based regional airline Flyeasy has signed an agreement with Air Pegasus to acquire up to 74 per cent stake in the latter for over Rs 700 million. The move is likely to help the grounded […]
Jaiprakash Power Ventures Limited (JPVL) has sought shareholder approval for conversion of part of its outstanding debt of Rs 30.6 billion into 3.06 billion equity shares of Rs 10 each under the strategic debt restructuring […]
Bengaluru-based real-time mobile application management platform Hansel.io has raised $1.35 million in a deal led by IDG Ventures. Existing investor Endiya Partners also invested in the round to buy additional equity. The company will use […]
Vistara’s board has approved an equity investment of Rs 3.1 billion in the airline, as against its incremental equity requirement of Rs 6 billion. The board noted that the transaction was for a long-term investment […]
Welspun Enterprises Limited, part of the Welspun Group, has announced plans to buy back up to 25 per cent of its share capital at a price of Rs 62 per equity share, for an aggregate […]
India’s Sun Oil and Natural Gas, a unit of Sun Petrochemicals Private Limited, has bought a 33.3 per cent stake in the Hazira oil and gas field from Canada’s Niko Resources Limited. The company is […]
According to reports, PE firm Tridevi Capital Partners is planning to invest $20 million in Prabha Energy Private Limited (PEPL), a subsidiary of Deep Industries Limited. The subsidiary valuation is estimated to be $50 million. […]
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