Bharti Airtel has acquired a strategic stake in Aqilliz, a blockchain-as-a-service company under the Airtel Startup Accelerator Program, subject to statutory approvals. Singapore-based Aqilliz has developed a patented hybrid blockchain platform, Atom, which integrates differential […]
Airtel has entered into an agreement with the Vodafone Group to buy 4.7 per cent equity interest in Indus Towers on the principal condition that the amount paid shall be inducted by Vodafone as fresh […]
Haldia Petrochemicals Limited (HPL) has emerged as the successful bidder for the distressed Coastal Oil & Gas Infrastructure Private Limited (COGIL), an SPV of Nagarjuna Oil Corporation Limited that was acquired by HPL last year […]
Mahindra Logistics Limited has decided to purchase up to 60 per cent of Whizzard, a supplier of last-mile delivery services, for Rs 717.3 million. The acquisition comprises purchase of up to 43,972 equity shares of […]
The Sumitomo Mitsui Banking Corporation (SMBC) has joined the National Investment and Infrastructure Fund (NIIF)-incubated Aseem Infrastructure Finance Limited (AIFL) as a strategic investor with a 10 per cent stake. AIFL, in partnership with its […]
Reliance Industries Limited (RIL) has completed the acquisition of a 40 per cent equity stake in the Shapoorji Pallonji Group’s Sterling and Wilson Renewable Energy Limited (SWREL). RIL’s subsidiary Reliance New Energy Limited has acquired […]
Torrent Power Limited has entered into a share purchase agreement with Blue Diamond Properties and Balrampur Chini Mills to acquire 100 per cent of the equity share capital of Visual Percept Solar Projects, a SPV […]
Leading pharmaceutical company Cipla has signed an agreement to acquire nearly a third of AMP Energy Green Eleven. The move aims to establish a solar power facility in Maharashtra that would be entirely self-contained. In […]
AGEL has signed share purchase agreements for 100 per cent acquisition of SB Energy Holdings Limited, which has a 4,954 MW portfolio of renewable energy projects in India. AGEL will acquire an 80 per cent stake […]
The Kotak Special Situations Fund has announced its eighth deal to acquire a 74 per cent stake in the stressed HKR Roadways Limited, owned by a consortium led by Gayatri Projects Limited. The alternative […]
Adani Renewable Energy Holding Four Limited, a wholly owned subsidiary of Adani Green Energy Limited (AGEL), has transferred Mundra Solar Energy Limited’s (MSEL) 74 per cent shareholding to Adani Tradecom LLP. This entailed the […]
Reliance Industries Limited is set to offload its 11.61 per cent stake in Hathway Cable through an offer for sale (OFS) in an effort to comply with SEBI’s minimum public holding norms. As per the […]
Adani Green Energy Limited (AGEL) has signed share purchase agreements for 100 per cent acquisition of SB Energy Holdings Limited, which has a 4,954 MW portfolio of renewable energy projects in India. AGEL will […]
Jindal Steel and Private Limited (JSPL) has accepted a binding offer from Worldone Private Limited to divest a 96.42 per cent stake in Jindal Power Limited (JPL). The divestment is in line with JSPL’s objective […]
The Kotak Special Situations Fund has announced its eighth deal to acquire a 74 per cent stake in stressed HKR Roadways Limited owned by a consortium led by Gayatri Projects Limited. The alternative investment arm […]
NHPC Limited will be acquiring the entire 2 per cent equity stake of PTC India Limited in Chenab Valley Power Projects Private Limited (CVPPL). The Ministry of Power has recently conveyed its approval of a […]
The Indian Energy Exchange (IEX) has announced a strategic divestment of 26 per cent of its equity holding at the Indian Gas Exchange (IGX) to the National Stock Exchange (NSE) through its wholly owned subsidiary […]
Adani Airport Holdings Limited (AAHL), a wholly owned subsidiary of Adani Enterprises, has acquired a 23.5 per cent stake in Mumbai International Airport Limited (MIAL) from ACSA Global and Bid Services Division (Mauritius), or Bidvest, […]
Adani Ports and Special Economic Zone Limited (APSEZL) has completed the acquisition of Dighi Port Limited for a consideration of Rs 6.5 billion under the bankruptcy law. APSEZL also plans to invest over Rs 100 […]
NTPC has signed a share purchase agreement to buy GAIL Limited’s 25.51 per cent stake in Ratnagiri Gas and Power Private Limited (RGPPL). RGPPL was incorporated in 2005, to take over and revive the assets […]
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