Wadia Group is in discussions with strategic partners to either sell a majority stake in loss-making budget airline Go First or exit it completely. Go First incurred its largest annual loss in 2021-22 and has […]
Mahanagar Gas Limited (MGL) has signed a share purchase agreement to acquire 100 per cent stake in Unison Enviro Private Limited (UEPL) for Rs 5.31 billion ($64.9 million). This acquisition will enable MGL to expand […]
Tata Power, JSW Energy, Greenko and the Torrent Group have submitted expressions of interest to purchase a controlling stake in PTC India Limited. Reportedly, five PSUs, including four promoter firms of PTC India, are planning […]
Allcargo Logistics has decided to acquire the remaining 38.87 per cent stake from its partner ACCI in its contract logistics arm for Rs 1.45 billion, valuing the company at Rs 3.73 billion at an enterprise […]
Radisys Corp, a unit of Jio Platforms Limited, has announced its plans to acquire Mimosa Networks from US-based Airspan Networks Holdings, Inc. for $60 million on a debt-free, cash-free basis. Reliance Jio Infocomm USA, Inc., […]
The Competition Commission of India (CCI) has cleared the acquisition of stake in Hindustan Ports Private Limited (HPPL) by the NIIF. The proposed transaction relates to the NIIF’s acquisition of up to 25 per cent […]
I Squared Capital has acquired a controlling stake in Polaris Smart Metering Private Limited, which owns Gram Power (India) Private Limited, through an investment of $100 million. The firm has also rebranded its India business, […]
Vi has announced that the government will hold a 33.44 per cent stake in the telco and that its board has cleared the allotment of shares. The government will thus become the single largest shareholder […]
Bharti Airtel has concluded the merger of wholly owned subsidiaries, Nettle Infrastructure Investments Limited and Telesonic Networks Limited. The merger, effective February 1, 2023, was carried out after the telco received requisite approvals from the […]
Sterlite Technologies Limited (STL) has announced its plan to divest its network software, data and analytics, business software – operations support systems and business support systems – and services business unit to Skyvera for a […]
Hapag-Lloyd has signed a binding agreement to acquire a 35 per cent stake in J.M. Baxi Ports and Logistics Limited (JMBPL) from a Bain Capital Private Equity affiliate. Further, the company has signed a binding agreement with JMBPL and its promoters, the Kotak family, to […]
The India Grid Trust (IndiGrid) has signed a share purchase agreement for the acquisition of 100 per cent shareholding and economic interest, in one or more tranches, in Khargone Transmission Limited from Sterlite Power Transmission […]
Adani Renewable Energy Holding Two Limited, a wholly owned subsidiary of Adani Green Energy Limited, has entered into a binding term sheet for the acquisition of 50 per cent equity interest in Essel Saurya Urja […]
Vedanta Limited will acquire debt-ridden power plant Meenakshi Energy Limited for Rs 11.4 billion. Of the total consideration, the company will pay Rs 3.12 billion upfront and the remaining Rs 11.28 billion in the form […]
GAW Capital Partners of Hong Kong and CapitaLand Investment Limited of Singapore are looking to buy a majority stake in rooftop solar power maker CleanMax Enviro Energy Solutions Private Limited for approximately $550 million. Other […]
Reliance Jio has deposited Rs 37.2 billion in a State Bank of India (SBI) escrow account, marking the completion of its acquisition of Reliance Infratel Limited (RITL), the tower business of Reliance Communications which is […]
The Alberta Investment Management Corporation (AIMCo), Ontario Municipal Employees’ Retirement System (OMERS), Brookfield Asset Management Inc. and I Squared Capital are looking to invest in renewable energy firm Fourth Partner Energy Private Limited. The transaction […]
The majority of lenders to LancoAmarkantak Power have voted in favour of an offer from the Power Finance Corp (PFC)-REC team, whose debt-resolution plan garnered the most support in a bidding competition. The team earned […]
Inox Green Energy Services has acquired a majority stake in an unrevealed independent wind power operations and maintenance (O&M) company with over 230 MW of operating capacity, primarily in South India. This acquisition is expected […]
Gateway Distriparks Limited (GDL) recently completed the acquisition of Kashipur Infrastructure and Freight Terminal Private Limited (KIFTPL). KIFTPL owns and operates an inland container depot (ICD) at Kashipur in Uttarakhand. Spread over 41 acres, the […]
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