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 […]
Bharti Infratel has extended the deadline of its merger with Indus Towers by over two months to end August 2020. With regard to this, the company’s board of directors recently met to discuss the status […]
GAIL Limited has entered into exclusive discussions to buy a stake in ACME Solar Holdings. GAIL is carrying out due diligence on solar power plants owned by ACME Solar and is yet to discuss financial […]
The Department of Investment and Public Asset Management has signed a share purchase agreement to sell a 67 per cent stake of the government in Kamarajar Port Limited (KPL) to the Chennai Port Trust […]
Sterlite Power has concluded the sale of three assets in Brazil worth BRL 566 million – Arcoverde, Novo Estado and Pampa – which will help the company advance its business strategy in the country. Acquired […]
Total S.A., through its step down subsidiary, has invested Rs 37.07 billion for a 50:50 joint venture (JV) partnership with Adani Green Energy Limited (AGEL). The JV will own 2.148 GW of solar projects operating […]
According to CAPA, the government’s plan to divest its stake in Air India may face further delays in the wake of the COVID-19 outbreak. Till then, the government may have to infuse about Rs 30 […]
IRB Infrastructure Developers Limited has received an NOC from NHAI for transfer of nine build-operate-transfer (BOT) assets to IRB Infrastructure Trust and the subsequent investment by GIC affiliates for a 49 per cent stake in […]
KNR Constructions Limited has entered into a share purchase agreement dated January 9, 2020 with Cube Highways and Infrastructure III Private Limited to sell its entire equity stake in the toll road BOT asset KNR […]
The Greenko Group is planning to acquire a 40 per cent stake in Teesta Urja Limited’s (TUL) 1,200 MW hydropower project in north Sikkim. The transaction will increase Greenko’s operating renewable portfolio to 6.2 GW […]
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