Mergers & Acquisitions

A consortium led by US fund Global Infrastructure Partners (GIP) has agreed to buy Singapore-headquartered renewable energy company Equis Energy for a record $5 billion, including debt. Becoming the largest deal in the clean energy […]

The American Tower Corporation (ATC) plans to buy approximately 20,000 stand-alone towers of Vodafone India and Idea Cellular in an all-cash deal valued at just over $1 billion. Vodafone India and Idea Cellular have decided […]

Adani Transmission Limited (ATL) has acquired the operational transmission assets of Reliance Infrastructure Limited’s (RInfra) Western Region System Strengthening Schemes for Rs 10 billion. RInfra will utilise the proceeds from the asset sale for debt […]

RCOM has completed the Sistema Shyam TeleServices (SSTL) merger transaction, upon attaining approvals from all relevant regulators and courts. RCOM’s board of directors took on record the demerger of SSTL’s telecom business in India, run […]

Brookfield Infrastructure has called off its deal worth $200 million with RCOM since the deal was dependent on RCOM’s merger with Aircel, which was called off in October . According to Brookfield, the merger will […]

Road developers KMC Infrastructure Limited and BSCPL Infrastructure Limited have sold two toll road projects to Canadian alternative asset manager Brookfield Asset Management in a Rs 19 billion (close to $300 million) deal. The transaction […]

The Union cabinet has approved a proposal to hive off Bharat Sanchar Nigam Limited’s (BSNL) mobile tower assets into a new unit, which will be wholly owned by the operator. Currently, BSNL owns 66,000 of […]

Adani Power Limited’s shareholders have approved the proposal to hive off its flagship 4,620 MW Mundra power station to its subsidiary, Adani Power (Mundra) Limited. The resolution was passed by the equity shareholders of the […]

Adani Enterprises Limited (AEL) has announced the demerger of its renewable energy business into an associate company, Adani Green Energy Limited (AGEL), in an attempt to simplify the overall business structure of the company. AGEL […]

The India Grid Trust has approved the acquisition of three power transmission assets comprising five transmission lines from Sterlite Power Grid Ventures Limited, the sponsor of the InvIT. The India Grid Trust will acquire the […]

Bharti Airtel will merge its operations with the Tata Group’s consumer mobile business, Tata Teleservices Limited (TTSL). Under the agreement, Bharti Airtel will take control of TTSL’s operations across the country in 19 circles. The […]

Reliance Communications (RCOM) has called off its merger with Aircel citing inordinate delays caused by legal and regulatory uncertainties, various interventions by vested interests, policy directives impacting bank financing for telecom, and changed industry dynamics. […]

The GMR Group is in advanced talks to sell its 220 MWgas-based power plant in Kakinada for $63 million. Though the plant has been operational since November 2001, it has not been generating energy since […]

Dilip Buildcon Limited (DBL) has signed an agreement with the Chhatwal Group Trust (Shrem Group) to sell 24 of its road assets. These include 14 operational projects and 10 under construction projects, for which DBL […]

TheEssar Group has completed the $13 billion sale of its flagship company Essar Oil to a consortium led by Russian energy major OAO Rosneft. Rosneft, along with Russian private fund United Capital Partners (UCP) and […]

Bharti Airtel has completed the acquisition of Tikona Digital Networks and the latter has now become a whollyowned subsidiary of Bharti Airtel. The acquisition of Tikona gives Bharti Airtel access to the former’s 4G spectrum […]

The deal to take over India’s Essar Oil by Russia’s largest oil producer Rosneft has been completed. The deal, where Rosneft will hold a 49 per cent stake, will allow the Russian company to increase […]

Vodafone India and Idea Cellular have reportedly given formal mandates to investment banks, Morgan Stanley and Bank of America Merrill Lynch, to finalise buyers for the sale of their tower assets. While Vodafone India has […]

Orient Green Power Company Limited (OGPL) is planning to sell its biomass business to its promoter company – Shriram Ventures Limited. The enterprise value of the sale is estimated to be around Rs 2.75 billion. […]

Idea Cellular and Vodafone India are learnt to be in advanced talks with Canada-based asset management firm Brookfield Asset Management to sell their stand-alone telecom tower business in a combined deal. Idea Cellular has around […]