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) […]
Lenders to Jet Airways (India) Limited have approved a resolution plan to revive the airline. The Committee of Creditors cleared the plan submitted by UK-based Kalrock Capital and UAE-based entrepreneur Murari Lal Jalan. Jet’s insolvency […]
ReNew Power has sold its wind farms in Karnataka to Ayana Renewable for a consideration of Rs 16 billion. Ayana Renewable is owned by the UK government’s development finance arm, the CDC Group. Both the […]
The Competition Commission of India has approved Google picking up a 7.73 per cent stake in Jio Platforms Limited (JPL) for Rs 337.37 billion. Google will be making the investment in RIL‘s digital arm through […]
ONGC Videsh Limited has entered into a definitive agreement to buy Australian company FAR’s stake in the $4.2 billion Rufisque-Sangomar offshore oil project in Senegal. According to ONGC Videsh, the definitive agreement is for buying […]
NHPC Limited’s board of directors has approved the proposal to merge Lanco Teesta Hydro Power Private Limited (LTHPPL) with itself. NHPC had won the bid to take over the 500 MW Teesta VI hydropower project […]
Adani Transmission Limited is planning to buy Warora Kurnool Transmission Limited, an SPV set up by Essel Infraprojects Limited in April 2015. Warora Kurnool is laying 941 km of transmission lines across Maharashtra, Telangana and […]
GMR Infrastructure Limited has modified a deal to sell a stake in its airports arm to French company Groupe ADP after the COVID-19 pandemic grounded flights worldwide. In February 2020, GMR Infrastructure had agreed to […]
Hindustan Zinc, a subsidiary of the Vedanta Group, is planning to sell its wind energy assets of 273 MW, valued at around Rs 15 billion. The wind projects are located across Rajasthan, Gujarat, Maharashtra, Karnataka […]
Adani Power Limited has signed a definitive agreement to acquire a 49 per cent stake in the Odisha Power Generation Corporation (OPGC) from the AES Corporation, a US-based global energy company, for $135 million. Adani […]
The CCI has approved Facebook’s deal to buy a 9.99 per cent stake in Jio Platforms through its subsidiary Jaadhu Holdings LLC, a new entity incorporated in Delaware in the US. In its submission to […]
APSEZL and Gateway Distriparks Limited have resolved their dispute over the cancellation of the former’s planned acquisition of Snowman Logistics Limited, a Gateway subsidiary. The two companies had agreed not to proceed with the acquisition […]
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