Equity Moves

The Ministry of Power has issued a directive to financial institutions under its control (the Rural Electrification Corporation and Power Finance Corporation) to buy a stake in NHPC Limited.  This is to bring the government […]

The Abu Dhabi Investment Authority, a sovereign wealth fund, has expressed interest in taking up 50 highway projects on a toll-operate-transfer basis in India. Under this model, roads that have already been built by the […]

Bengaluru-based mobile development toolkit start-up Hansel.io has raised an undisclosed amount from venture capital fund Endiya Partners. The transaction was facilitated by Tracxn Syndicate, a data analytics firm that connects start-ups with potential investors. The […]

Crompton Greaves (CG) has accepted a binding letter of offer from US-based private equity firm First Reserve International Limited for sale of its international power business (across Europe, North America and Indonesia) at an enterprise […]

Idea Cellular has reportedly offered Rs 40 billion to buy out Providence Equity Partners’ 16 per cent stake in the former’s subsidiary, Aditya Birla Telecom Limited (ABTL). Providence had made an investment of $420 million […]

Gujarat State Petronet Limited (GSPL) has bought 27.43 per cent stake in Sabarmati Gas Limited (SGL) from financial institutions for a consideration of Rs 562.3 million. SGL is a JV of Bharat Petroleum Corporation Limited […]

PNC Infratech Limited has announced the completion of the transaction involving sale of equity shares of Jaora-Nayagaon Toll Road Company Private Limited (JTCL) to Viva Highways Limited for a consideration of Rs 341.94 million. PNC […]

NCC Limited, along with Gayatri Projects Limited (GPL) and GPL’s subsidiary Gayatri Infra Ventures Limited (GIVL), has executed a definitive SPA to divest 100 per cent stake in Western UP Tollway Limited (WUPTL) to Cube […]

According to reports, the Essar Group is holding preliminary discussions with Saudi Arabian oil company Saudi Aramco to sell a stake in its refinery business, Essar Oil Limited, which is valued at about $5.5 billion. […]

TPCL has terminated the share purchase agreement (SPA) with Ideal Energy Projects Limited (IEPL) for the acquisition of 100 per cent stake in the latter’s 270 MW coal-based power project (extendable to 540 MW) in […]

Bengaluru-based mobile development toolkit start-up Hansel.io has raised an undisclosed amount of funding from venture capital fund Endiya Partners. The transaction was facilitated by Tracxn Syndicate, a data analytics firm that connects start-ups with potential […]

The Abu Dhabi Investment Authority, a sovereign wealth fund, has expressed interest in taking up 50 highway projects on a toll-operate-transfer basis in India. Under this model, roads already built by the National Highways Authority […]

GMR Infrastructure Limited (GIL) has decided to restructure its holdings in its airports vertical, GMR Airports Limited (GAL), for which agreements have been executed. As per the terms of the agreements, GIL is entitled to […]

Financial institution IFCI Limited has sold 0.17 per cent stake in the National Stock Exchange (NSE) for Rs 296 million. Without disclosing the name of the buyer, IFCI said it had sold 75,000 shares at Rs 3,950 […]

Welspun Enterprises Limited has entered into a definitive agreement with India Infrastructure Fund II, which is an alternate fund sponsored by IDFC. As per the agreement, the company has sold 37 per cent equity stake […]

The Essar Group has completed the delisting of Essar Oil. The group now has only one listed company, Essar Shipping, which has a market capitalisation of Rs 5 billion. The delisting of Essar Oil led […]

Srei Infrastructure Finance (SREI), Srei Equipment Finance Limited (SEFL) and the BNP Paribas Lease Group (BPLG) have entered into a share purchase agreement, whereby BPLG has agreed to acquire 25,154,317 equity shares of SREI, representing […]

Jet Airways is in talks with Etihad Airways to raise up to $400 million via convertible bonds, partly to reduce the former’s debt obligation and partly to expand its operations. This will increase Etihad’s stake […]

Jaiprakash Associates Limited (JAL) is selling its 2.1 million tonne per year capacity split grinding plant at Bhilai, Chattisgarh to Shree Cements Limited for an enterprise value of Rs 21-22 billion. This is an attempt […]