Mergers & Acquisitions

Texmaco Rail & Engineering Limited has acquired a 51 per cent stake in Saira Asia Interiors Private Limited for Rs 90 million. With this, Saira Asia will become the comprehensive mechanical partner in commuter mobility […]

Adani Power Limited has announced the merger of its subsidiary Mahan Energen Limited (MEL)  with Stratatech Mineral Resources, a coal mining company, with itself to enhance fuel security. Stratatech Mineral Resources, a subsidiary of Adani […]

KKR is in discussions to acquire a controlling stake in an Indian renewable energy platform. The firm aims to increase its presence in the renewable energy sector, an area where it has previously made significant […]

Bharti Airtel has acquired another 1 per cent stake in Indus Towers Limited for an undisclosed sum via an all-cash block deal. As per the NSE filing, the telco has boosted its stake in Indus […]

Ambuja Cements, owned by the Adani Group, will purchase 100 per cent stake in Penna Cement Industries Limited (PCIL) for an enterprise value of Rs 104.22 billion. This acquisition will help Adani’s strategy to achieve […]

Adani Power Limited has announced that Mirzapur Thermal Energy U.P. Private Limited (MTEUPL) has become its subsidiary following the allotment of 99.8 per cent of its equity to the company. The company has been allotted […]

ATC Telecom Infrastructure has sold its entire 2.8 per cent stake in Vodafone Idea Limited (Vi) through open market transaction. As many as 1440 million shares were sold by the ATC Telecom at Rs 12.78 […]

Bharti Airtel is in talks to buy UK-based Vodafone Group’s 21.05 per cent stake in Indus Towers, which could potentially give India’s second ranked telco a controlling interest. If Vodafone Plc sells its Indus stake […]

Reliance Industries (RIL) and Adani Power have signed a 20-year power purchase agreement for 500 MW, marking a rare, strategic collaboration between the conglomerates. RIL will invest Rs 0.50 billion for a 26 per cent […]

I-Squared Capital-backed city gas distribution (CGD) companies in India — AG&P Pratham and Think Gas Distribution — are set for a stock-for-stock merger, estimated to be valued at over $1.1 billion (Rs 90.96 billion). The […]

Carlyle Group is reportedly planning to sell its entire 24 per cent stake in Nxtra Data Limited, the data centre subsidiary of Bharti Airtel. Carlyle acquired a 24 per cent stake in Nxtra Data in […]

KKR has exited Indus Towers Limited by offloading its entire 4.85 per cent stake in the company, while the Canada Pension Plan Investment Board (CPPIB) has sold off a 2.14 per cent holding. The two […]

The Competition Commission of India has approved a proposed combination involving the acquisition of 100 per cent shareholding of Coastal Energen Private Limited (CEPL) by the Dickey Alternative Investment Trust and Adani Power Limited. CEPL […]

Bharti Airtel has waived its right of first refusal in the acquisition of TCIL’s 30 per cent stake in Bharti Hexacom as it sees no immediate value in such a move. In January, Airtel’s subsidiary […]

The Competition Commission of India (CCI) has approved the proposed combination involving acquisition of 100 per cent shareholding of Coastal Energen Private Limited (CEPL) by Dickey Alternative Investment Trust (DAIT) and Adani Power Limited. CEPL […]

KKR has exited Indus Towers by offloading its entire 4.85 per cent stake in the company, while CPP Investments has sold off a 2 per cent holding. The two firms along with another entity, Patronus […]

Hewlett Packard Enterprise (HPE) and Juniper Networks, Inc., have ent­e­red into a definitive agreement, with HPE set to acquire Juniper in an all-cash transaction for $40 per share, representing an equity value of appr­oximately $14 […]

According to a regulatory filing, Bharti Airtel Services, a wholly owned subsidiary of Bharti Airtel, has entered into an agreement for the acquisition of 4.94 million equity shares, representing a 97.1 per cent stake in […]

Mumbai-based investors are planning to invest Rs 11 billion for a 19 per cent stake in SpiceJet. Aries Opportunities Fund will acquire a 3 per cent stake and Elara Capital will acquire 8 per cent […]

Brookfield Asset Management-sponsored Data Infrastructure Trust has signed a definitive agreement with the US-based American Tower Corporation (ATC) to acquire a 100 per cent equity stake in ATC India. The total cash proceeds to ATC […]