Mergers & Acquisitions

Adani Power has approved the hiving off of its 4,620 MW Mundra power station to its subsidiary, Adani Power Mundra Limited. The sale is for a lump sum amount with no specific values assigned to […]

Reliance Communications (RCOM) has stated that the wireless company to be formed upon its merger with Aircel will be called Aircom. According to RCOM, the merged entity will enjoy substantial benefits of scale and capex […]

The CCI has approved the proposed merger of Bharti Airtel and Telenor India. Earlier, Airtel had received approvals from SEBI, the Bombay Stock Exchange and the National Stock Exchange for its proposed merger with Telenor […]

Australia-based Macquarie Group has agreed to buy 330 MW of operational solar assets from Hindustan Powerprojects Private Limited. The deal has a total value of $660 million. The proposed deal will facilitate the Macquarie Group’s […]

The merger of Cairn India with Vedanta has been completed. The merged entity will have a pro forma market cap of $15.6 billion. The merged company will preserve the “Cairn” brand. For each equity share […]

RCOM has received shareholder approval for the merger of its wireless business with Aircel and Dishnet Wireless. The shareholders have approved (with 99.99 per cent majority) the scheme of arrangement for the demerger of RCOM’s […]

Reliance Infratel Limited, a subsidiary of Reliance Communications (RCOM), has received shareholder approval for the demerger of its tower division into Towercom Infrastructure Private Limited (TIPL). According to RCOM, shareholder approval came in with a […]

Coimbatore-based Leap Green Energy has entered into a definitive agreement to acquire the entire wind power operational capacity of Inox Renewables. The deal is subject to certain conditions and is likely to be completed over […]

Bharti Airtel has completed the acquisition of Augere Wireless Broadband India. In August 2016, Airtel had signed a definitive agreement to acquire a 100 per cent equity stake in the company. The deal size is […]

Bharti Airtel has signed a definitive agreement with Telenor South Asia Investments Pte Limited to acquire Telenor India. Under the agreement, Bharti Airtel and Telenor India will merge and Airtel will take over Telenor India’s […]

Norway-based Telenor Group has approached Aircel and Reliance Communications (RCOM) to explore a merger possibility through a share swap. Telenor has reportedly expressed its willingness to combine its business, customer base and spectrum with the […]

US-based software technology company Nuance Communications has acquired Noida-based mobile value-added services (VAS) provider mCarbon Tech Innovations for $36 million in a cash and stock transaction. mCarbon provides core network VAS and innovative customer value […]

The American Tower Corporation is reportedly planning to buy Idea Cellular’s telecom towers for an enterprise value of Rs 45 billion. Earlier, Idea Cellular was said to be in discussions with Bharti Infratel and private […]

TRIL, a fully owned subsidiary of Tata Sons, has purchased the two-lane 18.4 km Durg Bypass road project in Chhattisgarh for about Rs 8 billion. TRIL acquired the toll road by taking a 51.6 per […]

Vodafone India has confirmed that it is in talks with Idea Cellular for a possible merger. As per the company, any merger will be effected through the issue of new shares of Idea to Vodafone […]

IDFC Project Equity Company Limited plans to acquire two road projects from GR Infraprojects Limited. The first project is the Shillong Bypass two-laning road project, which involves the development of a two-lane bypass from km […]

Orient Green Power Limited has entered into a non-binding agreement with IL&FS for merging their wind energy assets. The merged entity will have a total operational wind capacity of 1.2 GW. The merger is subject […]

Greenko Energy Private Limited (GEPL) is in advanced stages of acquiring the 100 MW Sorang hydroelectric project at Kinnaur in Himachal Pradesh from Abu Dhabi National Energy Company, PJSC, for Rs 6.5 billion. This is […]

Reliance Communications (RCOM) has signed binding agreements with Brookfield Infrastructure Partners and its institutional partners to sell a 51 per cent stake in its tower business, Reliance Infratel, for Rs 110 billion. The transaction is […]

Spanish infrastructure firm Abertis Infraestructuras SA has signed a share purchase agreement to buy two BOT (toll) roads – the Farukhnagar-Jadcherla highway in Andhra Pradesh and the Trichy Tollways project in Tamil Nadu – from […]