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 […]
ReNew Power has announced a merger with RMG Acquisition Corporation II to become a publicly listed company in NASDAQ. The deal with the US-based special purpose acquisition corporation was backed by Goldman Sachs and recorded […]
Siemens Limited has completed the acquisition of 99.22 per cent equity shares in C&S Electric Limited from the company’s promoters for Rs 21 billion. The transaction is aimed at gaining access to the Indian market […]
Delhi-based RoboticWares, which owns and operates SaaS logistics platform FarEye, has acquired logistics technology start-up PY Technology. The financial terms of the deal were not disclosed. The deal will help FarEye strengthen its solution engineering […]
ONGC’s plan to complete the merger of its refining subsidiary Mangalore Refinery and Petrochemicals Limited (MRPL) with recently acquired Hindustan Petroleum Corporation Limited (HPCL) to align its upstream and downstream operations into two verticals has […]
Total France will acquire a 20 per cent stake in Adani Green Energy Limited (AGEL), for a global investment of $2.5 billion. Additionally, Total will acquire a 50 per cent stake in a 2.35 GW […]
According to reports, Aurobindo Realty and Infrastructure Private Limited (ARIPL) is planning to acquire a 41.12 per cent equity stake in Kakinada Seaports Limited. ARIPL will buy the stake from Kakinada Infrastructure Holdings Private Limited, […]
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, […]
Bharat Petroleum Corporation Limited (BPCL) will acquire a 36.62 per cent stake in Bharat Oman Refineries Limited (BORL) from OQ S.A.0.C. (formerly Oman Oil Company S.A.O.C.). This would amount to 888 million equity shares. Currently, […]
NHPC has signed a definitive agreement for the implementation of the approved resolution plan for the takeover of Jalpower Corporation Limited (JPCL), which implemented the 120 MW Rangit Stage IV HEP in Sikkim. The NCLT, […]
The IL&FS Group has received legal approval for the sale of its Chinese road asset, Chongqing Yuhe Expressway Company Limited (CYEC), to the China Merchants & PingAn Infrastructure Phase 1 Equity Investment Fund (Tianjin), a […]
The Airports Authority of India (AAI) has approved the Adani Group’s share transfer proposal for Mumbai International Airport Limited (MIAL) from GVK Airports Holding. Under the deal, the Adani Group will take over the 50.5 […]
Tata Sons Private Limited has signed an agreement with Malaysian budget carrier AirAsia Group Bhd to increase its stake in their India JV. AirAsia has agreed to sell a 32.67 per cent stake in the […]
Adani Power Limited’s (APL) agreement to acquire 49 per cent stake in the Odisha Power Generation Corporation (OPGC) from the affiliates of the AES Corporation has been cancelled. The Odisha government, which holds a 51 […]
The National Investment and Infrastructure Fund (NIIF) will acquire two toll road projects from the Essel Group. The acquisition of Essel Devanahalli Tollway Private Limited and Essel Dichpally Tollway Private Limited will be made through […]
Reportedly, the Tata Group has refused an offer from US-based fund Interups, Inc. to buy out its Malaysian joint venture (JV) partner from AirAsia India. AirAsia Berhad holds 49 per cent while the Tata Group […]
The central government has announced that it will allow bids for the divestment of Air India on the basis of its enterprise value. The enterprise value to be quoted (market value of debt and equity) […]
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