Mergers & Acquisitions

Amazon and a group of investors are in discussions with the Aditya Birla Group to invest up to Rs 200 billion in Vi, the latter’s struggling wireless telephone company. The sale proceeds will be used […]

The Securities and Exchange Board of India (SEBI) has exempted the government from making an open offer to the shareholders of Vi, pursuant to its proposed acquisition of over 33 per cent stake in the […]

In one of the largest acquisitions ever made by an Indian group, the Adani Group has agreed to purchase Ambuja Cements and ACC Limited for $10.5 billion (Rs 800 billion). The Adani Group has agreed to […]

Emirates Telecommunications Group Company PJSC “e&” (Etisalat Group) has acquired approximately 2,766 million shares in Vodafone Group Plc, aggregating $4.4 billion. The shares represent 9.8 per cent of Vodafone’s issued share capital. The transaction is […]

Bharti Airtel has acquired a strategic  stake in Aqilliz,  a blockchain-as-a-service company under the Airtel Startup Accelerator Program, subject to statutory approvals. Singapore-based Aqilliz has developed a patented hy­b­rid blockchain platform, Atom, which integrates differential […]

Airtel has entered into an agreement with the Vodafone Group to buy 4.7 per cent equity interest in Indus Towers on the principal condition that the amount paid shall be inducted by Vodafone as fresh […]

Haldia Petrochemicals Limited (HPL) has emerged as the successful bidder for the distressed Coastal Oil & Gas Infrastructure Private Limited (COGIL), an SPV of Nagarjuna Oil Corporation Limited that was acquired by HPL last year […]

Mahindra Logistics Limited has decided to purchase up to 60 per cent of Whizzard, a supplier of last-mile delivery services, for Rs 717.3 million. The acquisition comprises purchase of up to 43,972 equity shares of […]

The Sumitomo Mitsui Banking Corporation (SMBC) has joined the Natio­nal Investment and Infrastructure Fund (NIIF)-incubated Aseem Infrastruc­ture Finance Limited (AIFL) as a strategic investor with a 10 per cent stake. AIFL, in partnership with its […]

Reliance Industries Limited (RIL) has completed the acquisition of a 40 per cent equity stake in the Shapoorji Pallonji Group’s Sterling and Wilson Renewable Energy Limited (SWREL). RIL’s subsidiary Reliance New En­ergy Limited has acquired […]

Torrent Power Limited has entered into a share purchase agreement with Blue Diamond Properties and Balrampur Chini Mills to acquire 100 per cent of the equity share capital of Visual Percept Solar Projects, a SPV […]

Leading pharmaceutical company Cipla has signed an agreement to acquire nearly a third of AMP Energy Green Eleven. The move aims to es­ta­blish a solar power facility in Maharashtra that would be entirely self-contained. In […]

AGEL has signed share purchase agreements for 100 per cent acquisition of SB Energy Holdings Limited, which has a 4,954 MW portfolio of renewable energy projects in India. AGEL will acquire an 80 per cent stake […]

  The Kotak Special Situations Fund has announced its eighth deal to acquire a 74 per cent stake in the stressed HKR Roadways Limited, owned by a consortium led by Gayatri Projects Limited. The alternative […]

  Adani Renewable Energy Holding Four Limited, a wholly owned subsidiary of Adani Green Energy Limited (AGEL), has transferred Mundra Solar Energy Limited’s (MSEL) 74 per cent shareholding to Adani Tradecom LLP. This entailed the […]

Reliance Industries Limited is set to offload its 11.61 per cent stake in Hathway Cable through an offer for sale (OFS) in an effort to comply with SEBI’s minimum public holding norms. As per the […]

Jindal Steel and Private Limited (JSPL) has accepted a binding offer from Worldone Private Limited to divest a 96.42 per cent stake in Jindal Power Limited (JPL). The divestment is in line with JSPL’s objective […]

The Kotak Special Situations Fund has announced its eighth deal to acquire a 74 per cent stake in stressed HKR Roadways Limited owned by a consortium led by Gayatri Projects Limited. The alternative investment arm […]

NHPC Limited will be acquiring the entire 2 per cent equity stake of PTC India Limited in Chenab Valley Power Projects Private Limited (CVPPL). The Ministry of Power has recently conveyed its approval of a […]