The Wadia Group is in discussions with strategic partners to either sell a majority stake in loss-making budget airline Go First or exit it completely. Go First incurred its largest annual loss in 2021-22 and […]
Amdocs has entered into a definitive agreement to acquire the service assurance business of TEOCO. The acquisition will enable Amdocs to provide service providers with a unique end-to-end service orchestration offering, assuring quality of service […]
I Squared Capital and Hinduja Renewables Energy Private Limited are the two remaining bidders for TPG Capital’s 52 per cent stake in Hyderabad-based Fourth Partner Energy Private Limited, which is valued at approximately $350 million. […]
GAIL has received approval for its resolution plan from the Ahmedabad Bench of the National Company Law Tribunal (NCLT) for the acquisition of JBF Petrochemicals Limited for Rs 20.79 billion. A consortium of Indian Oil […]
State-run NLC India Limited plans to invest Rs 10 billion ($125 million) for a 51 per cent stake in a green energy joint venture (JV) it is setting up with Assam Power Distribution Company Limited […]
The board of IOCL has accorded approval for formation of a wholly-owned subsidiary in India, to operate in the domain of low carbon, new, clean and green energy businesses. The proposed wholly-owned subsidiary will focus […]
Caisse de dépôt et Placement du Québec (CDPQ), the Canadian pension fund, is in talks with the American Tower Corporation (ATC) to buy a 50 per cent stake in its Indian unit, ATC Telecom Infrastructure […]
In a transaction that facilitated the investor’s exit, DB Power Limited has repurchased Global Infrastructure Partners’ (GIP) stake in its thermal power business for Rs 4 billion. The buyback was funded through the company’s internal […]
Adani Power Limited has completed the sale of its 100 per cent equity stake in wholly-owned subsidiary, Support Properties Private Limited (SPPL), to AdaniConnex Private Limited (ACX) for an enterprise value of Rs 15.57 billion. […]
The Competition Commission of India (CCI) has approved the acquisition of JM Baxi Ports and Logistics Limited by HL Terminal Holding B.V. HL Terminal Holding B.V. is a newly incorporated entity, intended to serve as […]
American Tower Corporation (ATC) has decided to sell a majority stake in its wholly-owned Indian unit, or even offer up to 100 per cent ownership and exit the country, after its recent attempts to sell […]
The subsidiary has been incorporated with an initial authorised share capital of Rs 1,000,000 and paid-up share capital of Rs 500,000, interalia, to carry on business to develop, erect, and operate coal washery including coal […]
Wadia Group is in discussions with strategic partners to either sell a majority stake in loss-making budget airline Go First or exit it completely. Go First incurred its largest annual loss in 2021-22 and has […]
Mahanagar Gas Limited (MGL) has signed a share purchase agreement to acquire 100 per cent stake in Unison Enviro Private Limited (UEPL) for Rs 5.31 billion ($64.9 million). This acquisition will enable MGL to expand […]
Tata Power, JSW Energy, Greenko and the Torrent Group have submitted expressions of interest to purchase a controlling stake in PTC India Limited. Reportedly, five PSUs, including four promoter firms of PTC India, are planning […]
Allcargo Logistics has decided to acquire the remaining 38.87 per cent stake from its partner ACCI in its contract logistics arm for Rs 1.45 billion, valuing the company at Rs 3.73 billion at an enterprise […]
Radisys Corp, a unit of Jio Platforms Limited, has announced its plans to acquire Mimosa Networks from US-based Airspan Networks Holdings, Inc. for $60 million on a debt-free, cash-free basis. Reliance Jio Infocomm USA, Inc., […]
The Competition Commission of India (CCI) has cleared the acquisition of stake in Hindustan Ports Private Limited (HPPL) by the NIIF. The proposed transaction relates to the NIIF’s acquisition of up to 25 per cent […]
I Squared Capital has acquired a controlling stake in Polaris Smart Metering Private Limited, which owns Gram Power (India) Private Limited, through an investment of $100 million. The firm has also rebranded its India business, […]
Vi has announced that the government will hold a 33.44 per cent stake in the telco and that its board has cleared the allotment of shares. The government will thus become the single largest shareholder […]
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