Mergers & Acquisitions

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 […]

Tata Sons will increase its share in AirAsia India to 49 per cent by purchasing the 7.49 per cent stake held by Telestra Tradeplace. With the deal, Tata Sons and Malaysia’s AirAsia Berhad will hold […]

The Indian Oil Corporation is in talks to buy an equity stake in the Nagarjuna Group’s refinery Nagarjuna Oil Corporation Limited (NOCL) in Cuddalore, Tamil Nadu. The move follows talks by Singapore-based Netoil to buy […]

Vodafone India has sought Foreign Investment Promotion Board approval to acquire TRG Capital-owned YOU Broadband for around Rs 4 billion. Rothschild and ICICI Securities are serving as investment bankers for the transaction to Vodafone and […]

Flipkart has acquired Bengaluru-based mobile payments company PhonePe. However, the financial details of the acquisition have not been disclosed. PhonePe is building a unified payments interface-based product. The interface will allow users to carry out […]

China-based handset vendor Xiaomi has led an investment round of $25 million in Hungama Digital Media Entertainment, Mumbai-based aggregator and publisher of online entertainment content, along with Hungama’s existing investors. As per the deal, Xiaomi […]