State-run Oil and Natural Gas Corporation Limited (ONGC) has approved the acquisition of the entire 80 per cent of Gujarat State Petroleum Corporation Limited’s (GSPC) participating interest in the Deen Dayal West Field in the […]
Tata Sons Limited (TSL) and its wholly-owned subsidiary Tata Petrodyne Limited have agreed to sell their combined 24.8 per cent stake in Nagarjuna Oil Corporation Limited (NOCL) to Allied Machineries and Resources Holdings Inc. (AMR) […]
MBL Infrastructures Limited is currently in talks to raise up to Rs 3 billion in mezzanine funding to infuse additional equity into some of its newly acquired projects to attain financial closure. The company has […]
The World Bank has announced an equity investment of $125 million in Hero Future Energies Limited (HFEL) through its private sector investment arm, IFC. The funds, to be invested by IFC and IFC Global Infrastructure […]
ONGC Videsh Limited (OVL) and its wholly owned subsidiary ONGC Videsh Vankorneft Private Limited, jointly signed definitive agreements with Rosneft for acquiring an additional 11 per cent share in JSC Vankorneft, the owner of the […]
Vodafone India received an equity infusion of Rs 477 billion from the Vodafone Group in the first half of 2016-17. The equity infusion, via the foreign direct investment (FDI) route, is the largest ever FDI […]
The board of the Oil and Natural Gas Corporation (ONGC) has approved the signing of an MoU for buying a stake in Gujarat State Petroleum Corporation Limited’s (GSPC) Krishna-Godavari (KG)-OSN-2001/3 block. ONGC has hired US-based […]
The CCEA has approved stake purchases in two Russian oilfields by a consortium comprising Indian Oil Corporation Limited (IOCL), Oil India Limited and BPCL for a total of $3.14 billion. The consortium will acquire a […]
ICICI Bank has acquired an 11.08 per cent equity stake in ABG Shipyard Limited by exercising its option of converting compulsorily convertible preference shares into equity. The lenders now have a 49 per cent stake […]
The centre is considering roping in two-three banks, including the State Bank of India (SBI) and Punjab National Bank, to pick up a stake in the Rs 5 billion credit enhancement fund anchored by Indian […]
Russian industrial conglomerate Sistema has announced that it will acquire a 17.14 per cent stake in Sistema Shyam TeleServices Limited (Sistema’s Indian subsidiary) from the Russian Agency for State Property Management. As per the agreement, […]
State-owned Oil and Natural Gas Corporation (ONGC) is in talks to buy a stake in Gujarat State Petroleum Corporation’s (GSPC) Krishna Godavari basin block. GSPC is seeking to sell a majority stake in its KG-OSN-2001/3 […]
Tata Power International Private Limited (TPIPL), a wholly-owned subsidiary of Tata Power Company Limited, has completed a 50 per cent stake sale in OTP Geothermal Private Limited, Singapore to KS Orka Renewables Private Limited. OTP, […]
Reliance Communications (RCOM) is in talks with Brookfield Asset Management for selling a majority stake in its tower company Reliance Infratel. The companies are currently in bilateral negotiations after signing a non-binding agreement in July […]
Piramal Enterprises Limited (PEL) is in advanced stages of talks to undertake an investment of Rs 8 billion in ACME Solar Energy Private Limited. ACME will utilise the funds to complete its upcoming solar power […]
Singapore Telecommunications (Singtel) has entered into conditional share purchase agreements with Singapore government-owned sovereign wealth fund Temasek to acquire 7.39 per cent of Bharti Telecom Limited and 21 per cent of Thailand-based Intouch Holdings Public […]
IL&FS Transportation Networks Limited has signed a share purchase agreement with Cube Highways and Infrastructure Private Limited for the sale of its equity stake in Andhra Pradesh Expressway Limited (APEL) for an aggregate value of […]
The International Finance Corporation (IFC) plans to make an equity investment of up to $125 million (Rs 8.4 billion) in renewable energy company Hero Future Energies Private Limited. The international agency will make the investment […]
Bharti Infratel has stated that it will buy back 47 million shares for Rs 425 each in a deal valued at Rs 20 billion. The move is aimed at returning surplus funds, which are over […]
CLP India Private Limited has acquired a 49 per cent stake in SE Solar, a special purpose vehicle set up by Suzlon Energy to develop a 100 MW solar project at Veltoor, Telangana. The deal, […]
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