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 […]
Bharti Airtel is in talks with Norway-based Telenor for buying its India business for $350 million. Bharti Airtel is likely to take over half of Telenor India’s liabilities, while the latter is expected to bear […]
Tata Power Renewable Energy Limited (TPREL), a wholly owned subsidiary of Tata Power Company Limited, has completed the acquisition of Welspun Renewables Energy Private Limited (WREPL) at an enterprise value of Rs 92.49 billion. With […]
Reliance Communications (RCOM) has signed a definitive agreement to merge its wireless operations with Aircel’s wireless business. RCOM and Maxis Communications Berhad (the Malaysia-based parent company of Aircel) will each hold a 50 per cent […]
Adani Ports and Special Economic Zone Limited (APSEZL), through its subsidiary Abbot Point Operations (APO), has entered into an agreement to acquire the ownership of Australian company Abbot Point Bulkcoal Pty Limited (APB). APB operates […]
RInfra has signed a binding agreement with Adani Transmission Limited (ATL) for the sale of its power transmission assets to the latter. The company will utilise the proceeds for reducing its debt burden. SBI Capital […]
Tata Communications has entered into a definitive agreement with Singapore Technologies Telemedia to hive off stake in its data centre business. As per the agreement, the latter will acquire 74 per cent in Tata Communications’ […]
CLP India is in advanced negotiations to buy a stake in Suzlon Energy’s 100 MW solar park project in Telangana. The former’s diversification of its clean energy portfolio comes after the company established itself as […]
Reliance Industries Limited (RIL) is exiting its international fuel retailing business by selling its stake in Mauritius-incorporated Gulf Africa Petroleum Corporation (GAPCO), which trades in and markets fuel in Africa, to France-based energy producer Total. […]
Domestic telecom services company Manana Innovations has acquired Gibraltar-based mobile value-added services firm The Tenable Group Limited (TTGL). Under the transaction, 80 per cent shareholding of TTGL has been transferred to the management of Manana […]
Reliance Communications (RCOM) and Aircel are likely to complete their merger by end-June 2016. Both RCOM and Aircel are likely to hold 50 per cent stake each in the merged entity, which will be the […]
Bharti Infratel is said to be in talks to acquire Tower Vision India. The latter is owned by a group of financial investors and has about 8,500 towers in India, with a tenancy ratio of […]
US-based SunEdison is reportedly in discussions with Finland-based Fortum to sell its minority stakes in solar projects in India to the latter. Through this, SunEdison attempts to furnish funds to finish the planned projects in […]
Srei Infrastructure Finance Limited has announced that it has received Rs 29.31 billion after offloading its 18.5 per cent stake in Viom Networks to American Tower Corporation (ATC). This comes after the CCEA approved ATC’s […]
Jet Airways has received shareholder approval for the proposed merger of its subsidiary JetLite with itself. The airline’s board had approved the merger in September 2015. The merger will lead to greater efficiency in cash […]
Idea Cellular’s board has approved the proposed merger of Idea Mobile Commerce Services Limited (IMCSL) with Aditya Birla Idea Payments Bank Limited (ABIPBL). At present, IMCSL manages the operator’s digital wallet Idea Money. APIPBL was […]
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