Mergers & Acquisitions

Airtel Business, the B2B arm of Bharti Airtel Limited, has announced a collaboration with Adani Energy Solutions Limited (AESL) to deploy connectivity for over 20 million smart meters. Leveraging Airtel’s extensive nationwide communications network, the […]

Ambuja Cements Limited (ACL) has announced the successful acquisition of Sanghi Industries Limited (SIL), at an enterprise value of Rs 51.85 billion. This strategic acquisition enhances Ambuja Cement’s market presen­ce, underscoring the Adani Group’s commitment […]

Fairfax India Holdings Corporation has acquired a 7 per cent additional stake in Bangalore International Airport Limited from Siemens Project Ventures GmbH for $175 million. This follows Fairfax’s ealier purchase of a 3 per cent […]

BP, the UK’s oil giant, has agreed to acquire the 50.03 per cent stake it does not own in Lightsource BP, one of the world’s leading developers and operator of utility-scale solar and battery storage […]

According to a stock exchange filing, Bharti Telecom Limited (BTL) has in­creased its stake in Bharti Airtel to 39.59 per cent by acquiring an additional 1.35 per cent stake from another promoter group entity, Indian […]

Mapletree Logistics Trust is considering the acquisition of a Grade A warehouse at Farukhnagar, New Delhi for Rs 900 million (S$14.5 million). This represents a 2.4 per cent discount to the asset’s independent valuation of […]

Fairfax India Holdings Corporation has acquired a 7 per cent additional stake in the Bangalore International Airport Limited from Siemens Project Ventures GmbH, with the deal amounting to $175 million. This comes after the previous […]

UltraTech Cement is likely to acquire the cement business of Kesoram Industries on a share swap basis. The deal size has not been disclosed. The demerger and merger will help Kesoram Industries in deleveraging the […]

Siemens AG is planning to buy an 18 per cent stake from Siemens Energy in their Indian joint venture, Siemens Limited for around $2.28 billion, reflecting a 15 per cent discount on their average price. […]

The CCI has approved the merger of IDFC Limited with IDFC FIRST Bank. IDFC FIRST Bank provides banking services, while its parent IDFC Limited (IDFCL) is an RBI-registered non-banking financial company. The merger is subject […]

The Indian Oil Corporation Limited (IOCL) Board has approved an investment of Rs 16.6 billion to secure a 50 per cent stake in the joint venture with NTPC Green Energy Limited for the development of […]

Siemens AG is planning to buy an 18 per cent stake from Siemens Energy in their Indian joint venture Siemens Limited for around $2.28 billion, ref­lecting a 15 per cent discount on the average price. […]

I Squared Capital is set to acquire a majority stake in the Indian unit of the American Tower Corporation (ATC). Currently, it is finalising the terms to acquire around 65 per cent at a value […]

JSW Infrastructure Limited is venturing into the container train operations business by acquiring the container train operator licence of Sical Multimodal and Rail Transport Limited from Pristine Logistics and Infra­projects Private Limited. The value of […]

Sterlite Power Transmission Limited (SPTL) has announced its strategic decision to demerge its power transmission infrastructure business (BOT model), spread across India and Brazil. The demerged SPTL entity will continue to hold the global products […]

IOCL has fully acquired Mercator Petroleum for about Rs 1.48 billion in an insolvency proceeding. The company will pay Rs 1.35 billion to secured financial creditors, who had admitted claims of Rs 2.91 billion. No […]

Larsen & Toubro (L&T) has announced the divestment of its 100 per cent stake in L&T Infrastructure Engineering Limited. The stake has been acquired by STUP Consultants Private Limited, a subsidiary of Assystem SA of […]

National Asset Reconstruction Company Limited (NARCL) has made a Rs 6.40 billion offer for the debt-laden EPC company Simplex Infrastruc­tures. The government-backed bad bank’s offer equates to a less than 7 per cent recovery to […]

Adani Power is now close to acquiring the bankrupt power company Coastal Energen for an estimated amount of Rs 34.40 billion, following two days of intense bidding. Coastal Energen is attracting interest as one of […]

Reportedly, the GMR Group and its affiliates are to buy an additional 11 per cent stake in GMR Hyderabad International Airport Limited (GHIAL) from Malaysia Airports Holding Berhad at an estimated cost of $100 million. […]