Infrastructure Leasing & Financial Services (IL&FS) has completed the sale of its wind energy assets to Japan-based Orix Corporation for Rs 48 billion, helping the company to pay its debt. IL&FS has sold 51 per […]
Edelweiss Infrastructure Yield Plus Fund (EIYPF) will acquire two road assets from the Navayuga Group for $150 million. Both the road assets under consideration are located in Assam. These were developed through the build-operate-transfer (BOT) […]
The National Company Law Tribunal (NCLT) has granted approval to VIL to hive off its fibre assets to its wholly owned subsidiary Vodafone Towers Limited. The operator had approached the NCLT Ahmedabad bench on April […]
The Chandigarh bench of the NCLT has approved the merger of Indus Towers with Bharti Infratel, forming one of the biggest telecom tower companies worldwide. The pan-India company, which will operate over 163,000 telecom towers […]
Aircel’s lenders have approved a proposal of UV Asset Reconstruction Company (UVARCL) to take over the bankrupt operator. The financial creditors are likely to recover only 15-20 per cent of loans they had extended to […]
Macquarie Infrastructure and Real Assets (MIRA) plans to exit the roads platform, Ashoka Concessions Limited. Macquarie, an Australian company, had acquired a 34 per cent stake in the platform in 2012, for Rs 8 billion. […]
Essel Infraprojects Limited has agreed to sell three of its road projects to Caisse de dépôt et placement du Québec, Canada’s second largest fund manager. The assets are expected to fetch a combined enterprise value […]
VIL’s board of directors has approved a scheme of amalgamation of its two wholly owned subsidiaries, Vodafone India Digital Limited (VIDL) and Idea Telesystems Limited (ITL), with the company. This will not result in any […]
Kalpataru Power Transmission Limited is likely to sell four of its energy transmission lines to Adani Transmission Limited. The deal is expected to be valued between Rs 14 billion ($200.4 million) and Rs 15 billion […]
Canadian firm Brookfield Asset Management is likely to acquire two wind farms from Axis Energy Ventures India Private Limited for Rs 5 billion. These wind farms have a total power generating capacity of 210 MW. […]
All stakeholders of Ghaziabad Aligarh Expressway Private Limited (GAEPL) – PNC Infratech Limited, Galfar Engineering and Contracting SAOG and Bharat Road Network Limited (BRNL) – have executed share purchase agreements (SPAs) with Cube Highways and […]
IL&FS Transportation Networks [ITNL] International Private Limited, a subsidiary of Infrastructure Leasing and Financial Services Limited (IL&FS) has commenced the process of selling its 49 per cent stake in a Chinese road asset, as IL&FS […]
Bharti Airtel and Hughes Communications India Limited (HCIL) have entered into an agreement to merge their very small aperture terminal (VSAT) satellite communication operations in India. As per the agreement, HCIL will have majority ownership […]
The Oil and Natural Gas Corporation (ONGC) has ruled out a share swap deal for the planned acquisition of Mangalore Refinery and Petrochemicals Limited (MRPL) by Hindustan Petroleum Corporation Limited (HPCL). ONGC prefers an all-cash […]
Malaysia’s Petroliam Nasional Berhad (Petronas) has acquired Amplus Energy Solutions Private Limited, one of India’s largest rooftop solar power producers. The Rs 27 billion deal marks Petronas’s foray into the global clean energy space. I […]
Tata Power Renewable Energy Limited (TPREL) plans to sell 32 MW of its operating wind assets located in Satara district of Maharashtra. At present, power from wind projects is tied up with Tata Power Company […]
Adani Power is in the final stages of discussions to take over the 1,370 MW GMR Chhattisgarh Energy Limited thermal power plant in a deal worth Rs 35 billion. At present, the lenders have agreed […]
GVK Airport Developers Limited (GVKADL) and GVK Airport Holdings Limited (GVKAHL), subsidiaries of the GVK Group, have signed a term sheet and exclusivity agreement with ADIA and the National Investment and Infrastructure Fund (NIIF) for […]
The Essel Group has sold the two transmission assets owned by Essel Infraprojects, Darbhanga-Motihari Transmission Limited and NRSS XXXI (B) Transmission Limited, to a fund managed by Edelweiss. Essel had entered into an agreement to […]
GVK Infrastructure Limited and its partners – Airports Company South Africa and Bidvest Services – have decided to resolve the issue of selling stake in Mumbai International Airport Limited. Disputes emerged after GVK opposed plans […]
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