Gurugram-based logistics services provider Rivigo Services Private Limited has raised Rs 3.22 billion ($50 million) in a Series D round. The company’s existing institutional investors, SAIF Partners and Warburg Pincus, have participated in the funding […]
The Canada Pension Plan Investment Board (CPPIB) has acquired a 6.3 per cent stake in ReNew Power Ventures Private Limited from ADB for $144 million (Rs 9.2 billion). This is the first stage of CPPIB’s […]
Bharti Airtel will transfer a 25 per cent stake in its direct-to-home (DTH) arm, Bharti Telemedia Limited, to its wholly owned subsidiary Nettle Infrastructure Investments. However, the date of the sale transaction is yet to […]
Sterlite Power Grid Ventures Limited has acquired a 28.4 per cent stake worth Rs 10.1 billion in its transmission infrastructure business from Standard Chartered Private Equity Limited (SCPE). With this, the company now holds a […]
Idea Cellular has received approval from the National Company Law Tribunal (NCLT)-Ahmedabad for its proposed merger with Vodafone Mobile Services and Vodafone India. As per the NCLT-Ahmedabad bench, the merger scheme was noted to be […]
Bharti Airtel has received approval from the Rwanda Utilities Regulatory Authority to acquire Millicom International Cellular’s Rwanda unit, Tigo Rwanda. Bharti Airtel has inked a definitive pact with Millicom International under which Airtel Rwanda would […]
Reliance Communications (RCOM) has sought shareholder approval to sell its assets including spectrum, towers, optic fibre network and other wireless infrastructure. The move follows the signing of a binding definitive agreement between RCOM and RJIL […]
The Oil and Natural Gas Corporation (ONGC) on January 31, 2018, bought the government’s entire 51.11 per cent stake in oil refiner Hindustan Petroleum Corporation Limited (HPCL) for Rs 369.15 billion. ONGC bought 778.8 million […]
The central government has relaxed foreign direct investment (FDI) norms for Air India, which is currently undergoing divestment. According to the revised norms, foreign airlines are permitted to invest up to 49 per cent in […]
The Jaypee Group has restructured its outstanding foreign currency convertible bonds (FCCBs) after renegotiating with investors, including Goldman Sachs and Deutsche Bank. The deal allows the conglomerate to delay its debt obligation by about four […]
The National Investment and Infrastructure Fund (NIIF) and Dubai-based port operator DP World have set up a platform to invest in ports, terminals, transportation and logistics businesses in India. The platform, NIIF’s first, will invest […]
PNC Infratech Limited has achieved financial closure for the Chitradurga-Davanagere six-laning road project. The project involves the six-laning of the Chitradurga-Davanagere stretch, including the Chitradurga bypass, from km 0 to km 20.7 and km 208 […]
US buyout giant KKR & Company has become the first foreign investor to fully own an asset reconstruction company in India as it has received approval from the Reserve Bank of India. KKR plans to […]
The central government has relaxed foreign direct investment (FDI) norms for Air India, which is currently undergoing divestment. According to the revised norms, foreign airlines are permitted to invest up to 49 per cent in […]
Tata Communications Limited will hive off its property holdings into a separate company soon, and it will be listed subsequently. The value of the company’s 773 acres of land parcels is pegged at about Rs […]
Reliance Infrastructure Limited (RInfra) has signed a definitive binding agreement to sell its Mumbai power business to Adani Transmission Limited for Rs 188 billion. The deal, likely to be closed by March 2018, will see […]
IVRCL has entered into a share purchase agreement with Cube Highways and Infrastructure Private Limited for the sale of its entire stake in two subsidiaries – Salem Tollways Limited (STL) and Kumarpalayam Tollways Limited (KTL). […]
Brookfield Asset Management, Inc. and the Kotak Mahindra Group have jointly bid for Jaypee Power Ventures Limited’s assets aggregating 2,200 MW. If the deal concludes, it is expected to close at an equity value of […]
Reliance Communications (RCOM) and its affiliates have signed binding definitive agreements with Reliance Jio Infocomm Limited (RJIL) for the sale of wireless spectrum, towers, fibre assets and media convergence nodes. These assets, reportedly worth over […]
Solar equipment manufacturer Orb Energy Private Limited has raised $15 million (Rs 950 million) through a combination of debt and equity from Dutch development bank FMO, the Overseas Private Investment Corporation (OPIC), African finance institution […]
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