Mergers & Acquisitions

JSW Energy Limited has entered into a definitive agreement with Toshiba Corporation to increase its stake in their joint venture, Toshiba JSW Power Systems Limited (TJPS), through acquisition of additional equity shares for a cash […]

The board of directors of Power Finance Corporation Limited (PFC) has approved a proposal for the merger of REC Limited with PFC and authorised its chairman and managing director to seek approval from the President […]

Saatvik Green Energy has acquired an 80 per cent equity stake in Melcon Transformers and Electricals Private Limited through a share purchase agreement. Melcon manufactures a range of transformers for transmission and distribution applications, including […]

EIE Renewables Private Limited has signed a share purchase and options agreement to acquire PRA Bihar BESS Private Limited, a special purpose vehicle (SPV) set up for a 37.5 MW/150 MWh BESS project in Bihar. […]

Premier Energies Limited has completed the second and final tranche of the strategic acquisition of equity shares in Transcon Ind Limited. The company has acquired 52,073 equity shares of Transcon Ind allotted on a preferential […]

Inox Clean Energy Limited has acquired Vibrant Energy from Macquarie Corporate Holdings Pty Limited and other shareholders for Rs 50 billion. The transaction adds a 1,337 MW commercial-and industrial-focused renewable energy portfolio spread across Madhya […]

Adani Airport Holdings Limited (AAHL), a wholly owned subsidiary of Adani Limited, has completed the acquisition of SKYIWAVE Private Limited after executing a share purchase agreement with the company and its existing shareholders on March […]

Adani Defence Systems and Technologies Limited (ADSTL) completed the acquisition of a 14.2 per cent effective shareholding in Air Works India (Engineering) Private Limited on March 11, 2026. The transaction was carried out in accordance […]

Premier Energies has acquired 104,550 equity shares of HeliosAnthos Energies, a joint venture between Premier Energies and BA Prerna Renewables, securing a 51 per cent stake in the company’s paid-up equity share capital. The shares […]

Torrent Power Limited has entered into a definitive agreement with L&T Power Development Limited, a wholly owned subsidiary of Larsen & Toubro Limited, to acquire 100 per cent equity stake and convertible instruments in Nabha […]

Reportedly, MSEDCL plans to complete the demerger of its agriculture business by April 2026, ahead of a proposed IPO targeted for December 2026. The agriculture segment will be carved out as a separate company, not […]

Saatvik Cleantech EPC Private Limited, a fully owned subsidiary of Saatvik Green Energy, has signed a share purchase agreement (SPA) to acquire a 49 per cent equity stake in Intelligent Hydel Solutions Private Limited. The […]

TPG, along with consortium partners ICICI Bank and GIC of Singapore has agreed to buy non-bank lender Aseem Infrastructure Finance Limited (AIFL) for Rs 40 billion as it looks to accelerate green funding and investment […]

The Centre is working on a proposal to merge Rail Vikas Nigam (RVNL) and Ircon International in a bid to enhance execution capacity and streamline railway infrastructure development. The proposed consolidation is aimed at creating […]

Saatvik Cleantech EPC Private Limited, a fully owned subsidiary of Saatvik Green Energy, has inked a share purchase agreement (SPA) to acquire a 49 per cent equity stake in Intelligent Hydel Solutions Private Limited. The […]

Tata Steel has signed a definitive agreement to acquire a 50.01 per cent stake in Thriveni Pellets Private Limited (TPPL) for up to Rs 6.36 billion. The remaining stake will continue to be held by […]

Tata Communications has acquired a 51 per cent stake in Commotion Incorporated, an artificial intelligence (AI)-native enterprise software-as-a-service (SaaS) platform with operations in the US and India, for Rs 2.27 billion. The company noted the […]

Inox Clean Energy has signed a share purchase agreement to acquire Vibrant Energy, a renewable energy platform of the Macquarie Group, at an enterprise value of $600 million and an equity value of $200 million. […]

Ashoka Buildcon Limited (ABL) has acquired the stakes held by investors, Macquarie SBI Infrastructure Investments and SBI Macquarie Infrastructure Trust, in Ashoka Concessions Limited (ACL). ABL acquired 0.34 million equity shares held by the investors, […]

Adani Enterprises has received creditors’ approval for its takeover proposal of Jaiprakash Associates. The company has not disclosed the bid value. If the deal materialises, Adani Enterprises will gain control over seven business verticals of […]