The Adani Group is in advanced negotiations to acquire the cement business of Jaiprakash Associates Limited for $606 million. The acquisition will be made by one of the newly acquired cement units of the Adani Group. […]
Singapore Airlines (SIA) has confirmed that it is in talks with India’s Tata Group regarding a prospective merger between Vistara and Air India. The confirmation follows rumours that Tata, having acquired a 100 per cent stake in Air […]
The Competition Commission of India (CCI) has approved Adani Power Limited’s proposed acquisition of the share capital of Diliigent Power Private Limited and DB Power Limited. This involves the acquisition of 100 per cent of […]
Actis has agreed to set up a joint venture (JV) with Mahindra Lifespace Developers Limited to develop industrial and logistics real estate facilities in India. In the initial years, both parties will invest Rs 22 […]
The Life Insurance Corporation of India (LIC) has sold over 2 per cent of its holding in Power Grid Corporation of India Limited (Powergrid) over the past five months for Rs 30.79 billion. The shares […]
Singapore Telecommunications Limited (Singtel) has concluded its planned sale of a 3.33 per cent stake in Bharti Airtel for around $1.76 billion (approximately Rs 144 billion). Singtel further noted that Bharti Telecom Limited (BTL) has […]
Atlas Investissement, an investment vehicle of Iliad, has acquired a 2.5 per cent stake in Vodafone Group Plc. Atlas Investissement supports Vodafone’s publicly stated intention to pursue consolidation opportunities, as well as its efforts in […]
Reliance New Energy Limited has signed a deal to invest $12 million for a 20 per cent share in the Caelux Corporation, a California-based company. This investment in the perovskite-based solar technology company will expedite product […]
The Mahindra Group and Ontario Teachers’ Pension Plan have announced a strategic collaboration to capitalise on India’s growing renewables opportunities and contribute to the country’s carbon reduction goals. The parties have signed binding agreements, wherein […]
NTPC Limited is planning to raise Rs 50 billion by selling a stake in NTPC Green Energy Limited (NGEL), a 100 per cent subsidiary of NTPC. NTPC has engaged SBI Capital Markets to advise on […]
TotalEnergies will acquire a 25 per cent minority stake from Adani Enterprises Limited in Adani New Industries Limited. The partnership, centred on green hydrogen, is expected to transform the energy landscape both in India as […]
The Carlyle Group has acquired a 24.04 per cent stake in Bharti Airtel’s data centre subsidiary, Nxtra Data Limited, for Rs 17.88 billion. In a filing with the BSE, Airtel informed that upon conversion of […]
Adani Power Limited has completed the acquisition of 100 per cent equities in Support Properties Private Limited (SPPL) and Eternus Real Estate Private Limited (EREPL) for about Rs 6.09 billion. Earlier, in June 2022, Adani […]
GMR Power and Urban Infra Limited has acquired 100 per cent stake in GMR Green Energy Private Limited (GGEPL) from GMR Solar Energy Private Limited. The company has acquired the entire 50,000 equity shares of […]
The NIIF will invest Rs 22.5 billion for a 22.5 per cent stake in DP World’s wholly owned subsidiary, Hindustan Ports, in order to expand the partnership. The deal is expected to close by the […]
Emiza Supply Chain Services Private Limited, a provider of warehousing and fulfilment services, has acquired Shippigo, a technological platform for shipping solutions based in Gurugram, for an undisclosed sum. The acquisition will allow Emiza to […]
Hindalco Industries has recently acquired a 26 per cent share in Cleanwin Energy SIX’s 5 MW captive open access wind project. The stake acquisition would cost Rs 7.15 million to Hindalco. The move has been […]
Tejas Networks unveiled that it has acquired 62.65 per cent stake in Saankhya Labs for Rs 2.76 billion. According to the stock exchange filing, Tejas Networks has bought 6,081,946 equity shares through secondary purchase at […]
Vedanta Limited will acquire debt-ridden Athena Chhattisgarh Power Limited for Rs 5.65 billion. Athena Chhattisgarh Power has a 1,200 MW coal-based power plant located at JhanjgirChampadistrict in Chhattisgarh. Unit 1 and Unit 2 of the […]
The Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) will acquire an additional 10 per cent stake in Apraava Energy for a total of Rs 6.6 billion from the CLP Group. This […]
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