The Competition Commission of India (CCI) has cleared the acquisition of stake in Hindustan Ports Private Limited (HPPL) by the NIIF. The proposed transaction relates to the NIIF’s acquisition of up to 25 per cent […]
I Squared Capital has acquired a controlling stake in Polaris Smart Metering Private Limited, which owns Gram Power (India) Private Limited, through an investment of $100 million. The firm has also rebranded its India business, […]
Vi has announced that the government will hold a 33.44 per cent stake in the telco and that its board has cleared the allotment of shares. The government will thus become the single largest shareholder […]
Bharti Airtel has concluded the merger of wholly owned subsidiaries, Nettle Infrastructure Investments Limited and Telesonic Networks Limited. The merger, effective February 1, 2023, was carried out after the telco received requisite approvals from the […]
Sterlite Technologies Limited (STL) has announced its plan to divest its network software, data and analytics, business software – operations support systems and business support systems – and services business unit to Skyvera for a […]
Hapag-Lloyd has signed a binding agreement to acquire a 35 per cent stake in J.M. Baxi Ports and Logistics Limited (JMBPL) from a Bain Capital Private Equity affiliate. Further, the company has signed a binding agreement with JMBPL and its promoters, the Kotak family, to […]
The India Grid Trust (IndiGrid) has signed a share purchase agreement for the acquisition of 100 per cent shareholding and economic interest, in one or more tranches, in Khargone Transmission Limited from Sterlite Power Transmission […]
Adani Renewable Energy Holding Two Limited, a wholly owned subsidiary of Adani Green Energy Limited, has entered into a binding term sheet for the acquisition of 50 per cent equity interest in Essel Saurya Urja […]
Vedanta Limited will acquire debt-ridden power plant Meenakshi Energy Limited for Rs 11.4 billion. Of the total consideration, the company will pay Rs 3.12 billion upfront and the remaining Rs 11.28 billion in the form […]
GAW Capital Partners of Hong Kong and CapitaLand Investment Limited of Singapore are looking to buy a majority stake in rooftop solar power maker CleanMax Enviro Energy Solutions Private Limited for approximately $550 million. Other […]
Reliance Jio has deposited Rs 37.2 billion in a State Bank of India (SBI) escrow account, marking the completion of its acquisition of Reliance Infratel Limited (RITL), the tower business of Reliance Communications which is […]
The Alberta Investment Management Corporation (AIMCo), Ontario Municipal Employees’ Retirement System (OMERS), Brookfield Asset Management Inc. and I Squared Capital are looking to invest in renewable energy firm Fourth Partner Energy Private Limited. The transaction […]
The majority of lenders to LancoAmarkantak Power have voted in favour of an offer from the Power Finance Corp (PFC)-REC team, whose debt-resolution plan garnered the most support in a bidding competition. The team earned […]
Inox Green Energy Services has acquired a majority stake in an unrevealed independent wind power operations and maintenance (O&M) company with over 230 MW of operating capacity, primarily in South India. This acquisition is expected […]
Gateway Distriparks Limited (GDL) recently completed the acquisition of Kashipur Infrastructure and Freight Terminal Private Limited (KIFTPL). KIFTPL owns and operates an inland container depot (ICD) at Kashipur in Uttarakhand. Spread over 41 acres, the […]
The Dutch subsidiary of Tata Communications has agreed to acquire US-based media service provider Switch Enterprises for a cash consideration of $58.8 million (around Rs 4.86 billion). The acquisition will enable direct upsell opportunities for […]
Bharti Airtel has announced that it has acquired a strategic stake in Lemnisk (Immensitas Private Limited) under Airtel’s Start Up Accelerator Program. The deal is subject to all applicable statutory approvals. Lemnisk is a Bengaluru-based […]
Shapoorji Pallonji has announced that it will offload a 2.5 per cent stake in Sterling and Wilson Renewable through an offer for sale. It has set the floor price at Rs 270 per share. Shapoorji Pallonji plans to […]
Larsen & Toubro sold a 51 per cent stake in the L&T Infrastructure Development Project to Edelweiss Alternatives’ portfolio company in order to decrease its exposure to non-core asset-heavy development projects. This is a major step […]
The Partners Group, a Swiss investment firm, has decided to buy a majority stake in Gurugram-based renewable energy company Sunsure Energy for Rs 32.9 billion. The investment will help Sunsure to execute its portfolio of […]
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