Global private equity firm Warburg Pincus’s affiliate will acquire a 20 per cent stake in Bharti Telemedia Limited, the direct-to-home (DTH) arm of Airtel. As per the deal, which is valued at $350 million, Bharti […]
A Mitsubishi Corporation-led Japanese consortium has agreed to acquire a 20 per cent stake in I Squared Capital and IFC -backed Cube Highways for $300 million-$350 million. Besides Mitsubishi Corporation, the consortium includes the East […]
According to reports, the consortium of Ilog Port (Dahej) Private Limited (wholly owned by Srei Infrastructure Finance Limited) and JSW Infrastructure Limited (JSWIL) is likely to acquire a stake in the Dahej greenfield port project. […]
Jodhpur-based HG Infra Engineering Limited has received SEBI’s approval to float an IPO. HG Infra has proposed the issue of fresh shares worth Rs 3 billion while the promoters will sell 6 million shares. The […]
ReNew Power Ventures Private Limited is planning an IPO that may let some of its existing investors sell part of their stake. The total size of the IPO is pegged at $700 million. The company […]
ACME Solar Holdings Limited has received regulatory approval to launch its IPO. ICICI Securities, Citigroup Global Markets India and Deutsche Equities India are the merchant bankers managing the IPO. The company plans to issue shares […]
The Indian Renewable Energy Development Agency (IREDA) has filed draft papers with SEBI for the issue of an IPO. The IPO will involve the sale of 139 million fresh equity shares of IREDA and a […]
Patel Infrastructure Limited has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) to float an initial public offering (IPO). The company has proposed the sale of shares worth […]
The Rural Electrification Corporation (REC) has raised $400 million by issuing dollar bonds on the London Stock Exchange. The bond issue has been priced at 115 basis points over the three-year US Treasury rate and […]
Jorabat Shillong Expressway Limited, a joint venture (JV) between IL&FS Transportation Network Limited and Ramky Infrastructure, has refinanced senior and subordinated debt by issuing NCDs worth Rs 8.83 billion. The JV is undertaking the four-laning […]
The National Highways Authority of India (NHAI) plans to launch its first retail bond issue in February 2018. It aims to raise around Rs 50 billion by tapping the retirement savings of senior citizens. The […]
ReNew Power Ventures Private Limited has raised Rs 22.35 billion via non-convertible debentures (NCDs) for the repayment of its existing loans. The issuance has been undertaken in two parts – credit enhanced NCDs worth Rs […]
The Asian Infrastructure Investment Bank (AIIB) has approved a $335 million loan for the Bangalore Metro Rail Project, Reach 6 (R6), AIIB’s first metro project. The 100 per cent electric metro project is also AIIB’s […]
ADB has approved a loan worth Rs 22.26 billion for Phase III of the Karnataka State Highways Improvement Project. The loan will be used for the upgradation of 419 km of state highways from two […]
The Odisha government has signed a loan agreement worth Rs 4.4 billion with Germany’s KfW Development Bank to undertake various urban infrastructure projects in the state. The funds will be utilised for the execution of […]
The European Investment Bank (EIB) and private sector lender YES Bank have floated a $400 million (Rs 25.62 billion) co-financing programme for the construction of solar power plants and wind farms across India. YES Bank […]
The Asian Development Bank (ADB) has agreed to sanction Rs 33 billion for the Chennai-Kanyakumari Industrial Corridor Project. The project, which forms a part of the East-Coast Economic Corridor, involves strengthening 15 existing major road […]
The International Finance Corporation (IFC) will invest $440 million (Rs 28 billion) in the 750 MW Rewa ultra mega solar park in Madhya Pradesh. The investment will be provided in the form of debt to […]
The central government has allocated additional funds of Rs 299.4 million under the Atal Mission for Rejuvenation and Urban Transformation for the rejuvenation of the Cauvery river in Karnataka. Of the funds allocated, about Rs […]
The central government has approved Rs 18 billion for widening of the 56 km Talegaon-Chakan-Shikrapur-Navara-Chaufula Chowk road in Maharashtra. The detailed project report for the project had been prepared by the National Highways Authority of […]
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