The India Grid Trust (IndiGrid), an infrastructure investment trust (InvIT) has acquired three transmission assets worth Rs 14.1 billion from its sponsor, Sterlite Power Grid Ventures Limited (SPGV). The trust has acquired RAPP Transmission Company […]
CLP India Private Limited has reportedly expressed interest in acquiring the transmission business of Essel Infraprojects Limited at a project valuation of around $1 billion. Previously, the Greenko Group had expressed an interest in acquiring […]
Idea Cellular has received approval from the National Company Law Tribunal (NCLT)-Ahmedabad for its proposed merger with Vodafone Mobile Services and Vodafone India. As per the NCLT-Ahmedabad bench, the merger scheme was noted to be […]
Bharti Airtel has received approval from the Rwanda Utilities Regulatory Authority to acquire Millicom International Cellular’s Rwanda unit, Tigo Rwanda. Bharti Airtel has inked a definitive pact with Millicom International under which Airtel Rwanda would […]
Reliance Communications (RCOM) has sought shareholder approval to sell its assets including spectrum, towers, optic fibre network and other wireless infrastructure. The move follows the signing of a binding definitive agreement between RCOM and RJIL […]
The Oil and Natural Gas Corporation (ONGC) on January 31, 2018, bought the government’s entire 51.11 per cent stake in oil refiner Hindustan Petroleum Corporation Limited (HPCL) for Rs 369.15 billion. ONGC bought 778.8 million […]
Tata Communications Limited will hive off its property holdings into a separate company soon, and it will be listed subsequently. The value of the company’s 773 acres of land parcels is pegged at about Rs […]
Reliance Infrastructure Limited (RInfra) has signed a definitive binding agreement to sell its Mumbai power business to Adani Transmission Limited for Rs 188 billion. The deal, likely to be closed by March 2018, will see […]
IVRCL has entered into a share purchase agreement with Cube Highways and Infrastructure Private Limited for the sale of its entire stake in two subsidiaries – Salem Tollways Limited (STL) and Kumarpalayam Tollways Limited (KTL). […]
Brookfield Asset Management, Inc. and the Kotak Mahindra Group have jointly bid for Jaypee Power Ventures Limited’s assets aggregating 2,200 MW. If the deal concludes, it is expected to close at an equity value of […]
Reliance Communications (RCOM) and its affiliates have signed binding definitive agreements with Reliance Jio Infocomm Limited (RJIL) for the sale of wireless spectrum, towers, fibre assets and media convergence nodes. These assets, reportedly worth over […]
RCOM’s lenders have approved the sale of its real estate assets in Delhi and Chennai to Canada-based asset management firm Brookfield for Rs 8.01 billion. The proceeds from the asset sale will be used by […]
ReNew Power Ventures Private Limited will acquire the wind power assets of the KC Thapar Group for Rs 10 billion. In one of the biggest deals in the renewable energy sector in 2017-18 so far, […]
IndiGrid’s stakeholders have approved the acquisition of RAPP Transmission Company Limited, Purulia and Kharagpur Transmission Company Limited and Maheshwaram Transmission Limited from Sterlite Power Grid Ventures Limited. IndiGrid is expected to complete these acquisitions by […]
Reliance Communications (RCOM) has entered into a binding share purchase agreement with Pantel Technologies and Veecon Media and Television Limited for the sale of its direct to home (DTH) company, Reliance BIG TV Limited (RBTV). […]
NTPC Limited has floated a tender to acquire stressed thermal assets across the country. As per the tender, only those coal-based power plants will be acquired which have been commissioned after April 1, 2014 and […]
Reliance Marcellus II LLC, a subsidiary of Reliance Holding USA, Inc. and Reliance Industries Limited (RIL), has completed the sale of one of its three upstream shale gas assets in the US to BKV Chelsea, […]
Vodafone India and Idea Cellular have separately agreed to sell their respective stand-alone tower businesses in India to American Tower Corporation Telecom Infrastructure Private Limited (ATC TIPL) for an aggregate enterprise value of $1.2 billion. […]
Hero Future Energies (HFE) is in discussions with Bhilwara Energy Limited (BEL) to acquire the latter’s wind energy assets. HFE will acquire 83.5 MW of wind projects from BEL’s total portfolio of 103.5 MW – […]
Gayatri Projects Limited has decided to spin off its seven toll road assets into a separate company which will be called Gayatri Highways. The new entity will be listed on the stock exchanges before the […]
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