Unitech Limited has sold its power transmission business, Unitech Power Transmission Limited (UPTL), to Sterling and Wilson Private Limited for an undisclosed amount. Unitech Limited has entered into a share purchase agreement with Sterling and […]
Urja Bharat Pte Limited, a consortium of Indian Oil Corporation Limited and its partner Bharat Petro Resources Limited (a subsidiary of Bharat Petroleum Corporation Limited), has won an oil block in Abu Dhabi in its […]
Reliance Communications (RCOM) and Reliance Jio have mutually decided to terminate their asset-sale agreements amidst regulatory and legal hurdles. The agreements were signed on December 28, 2017 and August 11, 2018 and were aimed at […]
The Power Finance Corporation (PFC) has completed the acquisition of a majority stake in the Rural Electrification Corporation (REC). PFC has acquired 1.04 billion shares constituting a 52.63 per cent equity stake held by the […]
The central government has accorded approval for the strategic disinvestment of the government’s 100 per cent stake in Dredging Corporation of India Limited (DCIL) in favour of four port trusts – the Visakhapatnam Port Trust […]
The CCEA has granted in-principle approval for the strategic disinvestment of 100 per cent equity shares of the government in Kamarajar Port Limited (KPL) to the Chennai Port Trust (ChPT). The disinvestment will be carried […]
Reliance Infrastructure Limited (RIL) has signed a definitive binding agreement with Cube Highways and Infrastructure Private Limited for the sale of 100 per cent stake in Delhi-Agra Toll Road Private Limited. The total deal enterprise […]
Actis LLP has dropped its plan of acquiring Essel Infraprojects Limited’s (EIL) solar power projects. Earlier, in May 2018, Actis was in talks to buy 685 MW capacity of EIL’s installed and under-construction solar power […]
Vodafone Idea Limited (VIL) is in talks to sell its stake in Indus Towers and monetise its optic fibre assets for Rs 200 billion. The funds will be used by the operator to reduce its […]
GMR Infrastructure Limited has formed a subcommittee of its board to look into the possibility of spinning off its airport business. The new panel will evaluate options of demerging the airports business as the company […]
Bharti Airtel’s subsidiary Airtel Networks Kenya Limited has signed an agreement with Telkom Kenya Limited to merge their mobile, enterprise and carrier services businesses in Kenya and establish a new entity, Airtel-Telkom, with enhanced scale […]
KNR Constructions Limited has entered into a share purchase agreement with Cube Highways and Infrastructure III Private Limited for KNR Tirumala Infra Private Limited and KNR Chidambaram Infra Private Limited, pursuant to which the company […]
The Committee of Creditors has approved the resolution plan submitted by the Jawaharlal Nehru Port Trust (JNPT) to buy Dighi Port Limited (DPL) under the Insolvency and Bankruptcy Code, 2016. JNPT has quoted an upfront […]
Brookfield Asset Management is in early talks with Reliance Jio Info-comm Limited for acquiring controlling shares in the operator’s telecom towers and fibre assets worth Rs 1.07 trillion. Reliance Jio had recently announced plans to […]
Adani Green Energy Limited (AGEL) has acquired Kodangal Solar Parks Private Limited’s (KSPPL) remaining 51 per cent stake in the 20 MW Bagewadi solar power project from FS India Devco Private Limited. With this, KSPPL […]
Reliance Jio Infocomm Limited (RJIL) has extended the validity of its asset sale pact with Reliance Communications (RCOM) by six months from December 28, 2018 to June 28, 2019. The transactions are to be consummated […]
US-based Global Infrastructure Partners (GIP) has reportedly commenced the process of monetising its road platform, Highway Concessions One Private Limited (HC1). HC1 comprises seven road assets, of which five are toll roads and two are […]
NHPC Limited will acquire Lanco Infratech’s 500 MW Teesta hydroelectric project (HEP) in Sikkim, which was under insolvency proceedings, tentatively for a value of Rs 9 billion after emerging as the successful bidder. The takeover […]
Hero Future Energies is likely to acquire solar power assets from Waaree Energies Limited. The value of the transaction is expected to be Rs 5 billion-Rs 5.5 billion. Currently, Waaree Energies has a 100 MW […]
RJIL has decided to create two wholly owned subsidiaries for its fibre and tower businesses. RJIL’s board has approved the demerger. This move will enable the companies to work as separate infrastructure providers, a company […]
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