The American Tower Corporation (ATC) has completed the acquisition of telecom towers held by Vodafone India for Rs 38 billion. This will consolidate ATC’s position as the country’s second largest telecom tower company. In November […]
ReNew Power Ventures Private Limited has acquired Ostro Energy Private Limited from PE firm Actis Capital for an undisclosed amount. Further, the existing investor, the Canada Pension Plan Investment Board, will make an additional investment […]
The Competition Commission of India has cleared Reliance Communications’ (RCOM) proposal for the sale of assets to Reliance Jio Infocomm Limited (RJIL). The proposal includes the sale of RCOM’s towers, fibre, spectrum holdings and media […]
The Rural Electrification Corporation (REC) and REC Transmission Projects Company Limited (RECTPCL) have approved the proposal for the sale and transfer of WR-NR Power Transmission Limited, a subsidiary of REC and RECTPCL, to Power Grid […]
Bharti Infratel and Indus Towers are planning to merge their businesses to form a single tower company. The merged entity will have 240,000 towers. Earlier, Bharti Infratel was planning to acquire a controlling stake in […]
Bharti Airtel and Gulf Bridge International (GBI) have entered into a strategic agreement to scale up the capacity of GBI’s India-Middle East-Europe submarine cable system. Under the agreement, Bharti Airtel will acquire the ownership of […]
Air India, which is undergoing the divestment process, has received nine bids with respect to the tender issued for sale of its assets so as raise funds and reduce its debt burden. The airline had […]
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, […]
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