IRB Infrastructure Developers Limited has received an NOC from NHAI for transfer of nine build-operate-transfer (BOT) assets to IRB Infrastructure Trust and the subsequent investment by GIC affiliates for a 49 per cent stake in […]
KNR Constructions Limited has entered into a share purchase agreement dated January 9, 2020 with Cube Highways and Infrastructure III Private Limited to sell its entire equity stake in the toll road BOT asset KNR […]
The Greenko Group is planning to acquire a 40 per cent stake in Teesta Urja Limited’s (TUL) 1,200 MW hydropower project in north Sikkim. The transaction will increase Greenko’s operating renewable portfolio to 6.2 GW […]
Adani Ports and Special Economic Zone Limited (APSEZL) will be acquiring a 75 per cent stake in Krishnapatnam Port Company Limited. The estimated enterprise value of the proposed acquisition is Rs 135.72 billion. The transaction […]
APSEZL has agreed to acquire a controlling stake in Snowman Logistics Limited to expand its cold chain logistics and warehousing business. APSEZL, through its unit Adani Logistics Limited, will first acquire a 40.25 per cent […]
The central government approved the divestment proposal of Air India on January 7, 2020 and revealed that the expression of interest document will be issued soon. Apart from this, the government has also approved transfer […]
In the absence of requisite approvals from the Department of Telecommunications (DoT), Bharti Infratel and Indus Towers have again extended the timeline for closing their merger deal to February 24, 2020. Originally planned for conclusion […]
Reportedly, the Canada Pension Plan Investment Board (CPPIB) has emerged as the front runner to acquire Ashoka Concessions, and is likely to sign a deal at an enterprise value of Rs 55 billion. Existing shareholders […]
The Essel Group has signed an agreement to sell its 480 MW under-construction solar energy portfolio to Adani Green Energy Limited. The company had earlier sold 205 MW of its operational solar energy portfolio to […]
Vector Green Energy Private Limited, an independent power producer which operates wind and solar projects, has acquired 225 MW solar generation capacity from RattanIndia Power Limited. The acquirer is a wholly owned subsidiary of India […]
Sembcorp Industries Limited, a Singapore-based utilities and marine group, has agreed to acquire the stake it does not own in Sembcorp Energy India Limited from Gayatri Energy Ventures. The Singapore company will become the sole […]
Bharti Airtel has submitted conditional bids worth Rs 95 billion for Reliance Communications’ (RCOM) telecom assets that include spectrum, mobile towers and optic fibre. VFSI Holdings Pte Limited and UV Asset Reconstruction Company Limited have […]
Renascent Power Ventures Private Limited has completed the acquisition of a 75 per cent stake in Prayagraj Power Generation Company Limited (PPGCL). Renascent Power will also take over Rs 60 billion of debt of the […]
Allcargo Logistics Limited has agreed to acquire a controlling stake in express logistics company Gati Limited for as much as Rs 4.16 billion ($58.4 million). Allcargo has inked pacts to acquire a 19.43 per cent […]
Cube Highways and Infrastructure Pte Limited has emerged as the highest bidder for the toll-operate-transfer (TOT) Bundle III of highway projects auctioned by NHAI. The bid amount quoted by the company stands at Rs 50.11 […]
The government has agreed to sell stakes in five state-run companies, to meet its disinvestment target for 2019-20. It has approved the sale of a majority stake in Bharat Petroleum Corporation Limited (BPCL) and sale […]
The board of Bharti Infratel has extended the deadline to complete its merger with Indus Towers by 60 days to December 24, 2019. The dilution of shares by existing holders, however, will be lower than […]
UAE-based Masdar Clean Energy has invested around $150 million in Hero Future Energies (HFE). This is the second such strategic investment in HFE since 2017, when an investment of $125 million was made by the […]
In a corporate announcement, Sadbhav Infrastructure Projects Limited announced its merger with Sadbhav Engineering Limited on October 19, 2019. Besides, Sadbhav Infrastructure Projects Limited has received the requisite approvals for transfer of 100 per cent […]
Reportedly, a road platform operated by the National Investment and Infrastructure Fund (NIIF) and I Squared Capital-owned Cube Highways has expressed interest in buying Ashoka Concessions Limited. Besides, the NIIF and Cube Highways have submitted […]
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