Mergers & Acquisitions

Sprng Energy Private Limited, an Indian renewable energy platform set up by British private equity firm Actis, has finalised a deal to buy solar assets from a Shapoorji Pallonji Group company. The deal involves the […]

The Maharashtra Electricity Regulatory Commission has approved the 100 per cent stake sale of Reliance Infrastructure Limited’s (RInfra) integrated Mumbai power business to ATL. The total consideration of the deal is estimated at Rs 188 […]

The Greenko Group has agreed to acquire Orange Renewables from Singapore’s AT Capital Group for approximately $1.02 billion. Greenko will make an equity payout of around $300 million. Through the acquisition, Greenko will take over […]

Idea Cellular has completed the sale of its pan-Indian stand-alone tower business, by way of divesting its entire stake in ICISL, a wholly owned subsidiary, to ATC Telecom Infrastructure Private Limited (ATC). The transaction was […]

Larsen & Toubro (L&T) has inked a definitive agreement with a consortium comprising Schneider Electric SE and Singapore state investor Temasek Holdings Pte to sell its electrical and automation business worth $2.1 billion (Rs 140 […]

Tata Power Limited, Sterlite Power Transmission Limited, CLP India Private Limited and Edelweiss Financial Services have emerged as the top bidders for acquiring $1 billion worth of Essel Infraprojects Limited’s power transmission projects. Essel Infraprojects […]

The debt-ridden GVK Group is reportedly in talks to sell two of its gas-based power projects with a combined installed capacity of 684 MW to Andhra Pradesh power utilities in order to settle debt of […]

The Department of Telecommunications (DoT) has approved the merger of Telenor India with Bharti Airtel. The National Company Law Tribunal had approved the proposed merger on March 8, 2018. The merger will increase Airtel’s spectrum […]

The Hinduja Power Corporation has acquired Mumbai-based Kiran Energy Solar Power for an all-cash deal. The enterprise value of the deal has been pegged at Rs 9 billion-Rs 9.5 billion. The deal was facilitated by […]

Reliance Power Limited has sold its 3,960 MW Tilaiya ultra mega power project (UMPP) for Rs 1.12 billion to state-run Jharkhand Urja Vikas Nigam Limited. The company has transferred its entire holding of Rs 1.5 […]

Bharti Airtel has approved the merger of Indus Towers with Bharti Infratel in a deal that will create the largest tower company in India. Operationally, the combined entity, to be called Indus Towers Limited, will […]

ReNew Power is reportedly planning to acquire five renewable energy companies with a solar and wind portfolio aggregating a capacity of 680 MW, for Rs 60 billion. The acquisition, which is expected to materialise over […]

Tata Communications plans to acquire Tata Teleservices’ Limited (TTSL) enterprise business and has sought approval of the Department of Telecommunications (DoT) for the same. The government is currently evaluating the proposal. In October 2017, the […]

L&T Limited has signed a definitive agreement with Schneider Electric for the sale of L&T’s electrical and automation business for an all-cash consideration of Rs 140 billion. Schneider Electric has formed a consortium with Singapore’s […]

Singapore-based infrastructure developer and fund manager Equis Private Limited is reportedly planning to sell its Indian hydropower platform Hydreq for Rs 20 billion. Hydreq owns a majority stake in two hydroelectric plants in Sikkim with […]

Tata Power Renewable Energy Limited (TPREL), a wholly owned subsidiary of Tata Power Company Limited, is reportedly planning to bid for two solar power plants in Maharashtra. TPREL is seeking to invest around Rs 20 […]

The National Highways Authority of India (NHAI) plans to raise $3 billion by monetising 25 national highway stretches in three tranches, from May 2018 onwards. These stretches will span a total length of 1,640 km. […]

A subsidiary of Energy Efficiency Services Limited (EESL), EESL EnergyPro Assets Limited, has acquired UK-based power generation solutions provider Edina Power Services for $76 million (Rs 4.93 billion). The acquisition will allow EESL to expand […]

Sterlite Power Transmission Limited (SPTL) has acquired Goa-Tanmar Transmission Project Limited for Rs 15 billion. Upon completion, the project is expected to transmit 400 kV of power in Goa and will scale up the transmission […]

Russia-based Sistema has emerged as the highest bidder for RCOM’s remaining assets, valuing them at $1.5 billion. These assets comprise overseas and enterprise telecom businesses and data centres. Sistema’s bid stands at $1.2 billion in […]