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 […]
Industrial Energy Limited (IEL), a JV of Tata Power and Tata Steel, has signed asset purchase agreements with Tata Steel to acquire a 20 MW captive gas-based power plant and a 40 MW diesel generating […]
Adani Transmission Limited (ATL) has signed a share purchase agreement and completed the acquisition of WRSS XXI Transco Limited (WRSSTL) from REC Transmission Projects Company Limited. ATL had won this project through a tariff-based competitive […]
Vodafone Idea has demerged its fibre infrastructure by transferring the assets to its wholly owned subsidiary, Vodafone Towers Limited (VTL). This will help the telecom company to monetise its optic fibre assets, earlier pegged at […]
Infrastructure Leasing & Financial Services (IL&FS) has completed the sale of its wind energy assets to Japan-based Orix Corporation for Rs 48 billion, helping the company to pay its debt. IL&FS has sold 51 per […]
Edelweiss Infrastructure Yield Plus Fund (EIYPF) will acquire two road assets from the Navayuga Group for $150 million. Both the road assets under consideration are located in Assam. These were developed through the build-operate-transfer (BOT) […]
The National Company Law Tribunal (NCLT) has granted approval to VIL to hive off its fibre assets to its wholly owned subsidiary Vodafone Towers Limited. The operator had approached the NCLT Ahmedabad bench on April […]
The Chandigarh bench of the NCLT has approved the merger of Indus Towers with Bharti Infratel, forming one of the biggest telecom tower companies worldwide. The pan-India company, which will operate over 163,000 telecom towers […]
Aircel’s lenders have approved a proposal of UV Asset Reconstruction Company (UVARCL) to take over the bankrupt operator. The financial creditors are likely to recover only 15-20 per cent of loans they had extended to […]
Macquarie Infrastructure and Real Assets (MIRA) plans to exit the roads platform, Ashoka Concessions Limited. Macquarie, an Australian company, had acquired a 34 per cent stake in the platform in 2012, for Rs 8 billion. […]
Essel Infraprojects Limited has agreed to sell three of its road projects to Caisse de dépôt et placement du Québec, Canada’s second largest fund manager. The assets are expected to fetch a combined enterprise value […]
VIL’s board of directors has approved a scheme of amalgamation of its two wholly owned subsidiaries, Vodafone India Digital Limited (VIDL) and Idea Telesystems Limited (ITL), with the company. This will not result in any […]
Kalpataru Power Transmission Limited is likely to sell four of its energy transmission lines to Adani Transmission Limited. The deal is expected to be valued between Rs 14 billion ($200.4 million) and Rs 15 billion […]
Canadian firm Brookfield Asset Management is likely to acquire two wind farms from Axis Energy Ventures India Private Limited for Rs 5 billion. These wind farms have a total power generating capacity of 210 MW. […]
All stakeholders of Ghaziabad Aligarh Expressway Private Limited (GAEPL) – PNC Infratech Limited, Galfar Engineering and Contracting SAOG and Bharat Road Network Limited (BRNL) – have executed share purchase agreements (SPAs) with Cube Highways and […]
IL&FS Transportation Networks [ITNL] International Private Limited, a subsidiary of Infrastructure Leasing and Financial Services Limited (IL&FS) has commenced the process of selling its 49 per cent stake in a Chinese road asset, as IL&FS […]
Bharti Airtel and Hughes Communications India Limited (HCIL) have entered into an agreement to merge their very small aperture terminal (VSAT) satellite communication operations in India. As per the agreement, HCIL will have majority ownership […]
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