The Dutch subsidiary of Tata Communications has agreed to acquire US-based media service provider Switch Enterprises for a cash consideration of $58.8 million (around Rs 4.86 billion). The acquisition will enable direct upsell opportunities for […]
Bharti Airtel has announced that it has acquired a strategic stake in Lemnisk (Immensitas Private Limited) under Airtel’s Start Up Accelerator Program. The deal is subject to all applicable statutory approvals. Lemnisk is a Bengaluru-based […]
Shapoorji Pallonji has announced that it will offload a 2.5 per cent stake in Sterling and Wilson Renewable through an offer for sale. It has set the floor price at Rs 270 per share. Shapoorji Pallonji plans to […]
Larsen & Toubro sold a 51 per cent stake in the L&T Infrastructure Development Project to Edelweiss Alternatives’ portfolio company in order to decrease its exposure to non-core asset-heavy development projects. This is a major step […]
The Partners Group, a Swiss investment firm, has decided to buy a majority stake in Gurugram-based renewable energy company Sunsure Energy for Rs 32.9 billion. The investment will help Sunsure to execute its portfolio of […]
ZastLogisolutions Private Limited, which runs the truck aggregator platform Onmove, has acquired Hyderabad-based Transin Logistics for an unknown amount, in an all-cash transaction. The acquisition will expand its foothold in southern India and pave the […]
The Competition Commission of India (CCI) has approved the acquisition of Sembcorp Energy India Limited (SEIL) by Tanweer Infrastructure SAOC under the green channel route. Tanweer Infrastructure is indirectly owned by a consortium led by […]
Fairfax Financial Holdings Limited intends to sell its entire stake in Bangalore International Airport Limited (BIAL) for at least $1.5 billion. Fairfax had invested approximately $1 billion in BIAL, making this its largest investment in India. […]
ONGC Videsh Limited, the overseas arm of Oil and Natural Gas Corporation (ONGC), is making a proposal to retake a 20 per cent stake in Russia’s Sakhalin-1 oil and gas project in the far east. […]
Adani Transmission Limited (ATL) has acquired the second tranche of 25 per cent stake in Alipurduar Transmission Limited from EPC major Kalpataru Power Transmission Limited (KPTL), with an agreement to acquire the balance 26 per […]
Singapore’s sovereign wealth fund GIC and ESR Group Limited have announced the formation of a $600 million JV to purchase core industrial and logistics assets in India. GIC will hold 80 per cent of the JV, while ESR, an […]
The Tata Group’s Air India has agreed to the acquisition of 16.67 per cent stake in AirAsia. The airline can use its brand name AirAsia for the next 12 months but it would be later […]
The Vodafone Group Plc has agreed to sell a stake of its Vantage towers to KKR and Global Infrastructure Partners (GIP) for Euro 16.2 billion (approximately $16.3 billion). Vodafone will move its 81.7 per cent stake in Vantage […]
Adani Defence Systems and Technologies Limited and Aerospace have signed an agreement for the acquisition of Air Works, which is India’s biggest aircraft maintenance, repair and overhaul company. This acquisition will take place at a […]
Singapore’s Sembcorp Industries Limited has agreed to purchase Global Infrastructure Partners’ Vector Green Energy platform at an equity value of around Rs 27.80 billion to expand its renewable energy footprint in India to 3 GW. Sembcorp […]
The central government is planning to sell its stakes in listed railway PSUs in order to achieve its disinvestment targets. This is being done to raise money in financial year 2022-23. RITES, Indian Railway Construction Limited and Rail Vikas Nigam Limited may be among the first PSUs to […]
Adani Ports and Special Economic Zone Limited (APSEZL) has entered into a definitive agreement for the acquisition of Oiltanking India GmbH’s 49.38 per cent equity stake in Indian Oiltanking Limited (IOTL) for Rs 10.5 billion. […]
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 […]
COPYRIGHT © 2016- 2025 | INDIAN INFRASTRUCTURE