The Uttar Pradesh government has sanctioned Rs 1.53 billion for the Purvanchal Expressway in its supplementary budget. The project involves the construction of an access-controlled greenfield expressway connecting Lucknow to Ballia, passing through Barabanki, Sultanpur, […]
The central government has set up a panel to tackle the problem of stressed power assets in the country. The committee is headed by Amitabh Kant, NITI Aayog, and comprises secretaries of the Ministry of […]
The International Finance Corporation has partnered with the Housing Development Finance Corporation (HDFC) to create an $800 million fund to finance the construction of affordable houses. To create this fund, IFC will pump in $200 […]
RCOM’s lenders have approved the sale of its real estate assets in Delhi and Chennai to Canada-based asset management firm Brookfield for Rs 8.01 billion. The proceeds from the asset sale will be used by […]
ReNew Power Ventures Private Limited will acquire the wind power assets of the KC Thapar Group for Rs 10 billion. In one of the biggest deals in the renewable energy sector in 2017-18 so far, […]
IndiGrid’s stakeholders have approved the acquisition of RAPP Transmission Company Limited, Purulia and Kharagpur Transmission Company Limited and Maheshwaram Transmission Limited from Sterlite Power Grid Ventures Limited. IndiGrid is expected to complete these acquisitions by […]
Reliance Communications (RCOM) has entered into a binding share purchase agreement with Pantel Technologies and Veecon Media and Television Limited for the sale of its direct to home (DTH) company, Reliance BIG TV Limited (RBTV). […]
NTPC Limited has floated a tender to acquire stressed thermal assets across the country. As per the tender, only those coal-based power plants will be acquired which have been commissioned after April 1, 2014 and […]
Reliance Marcellus II LLC, a subsidiary of Reliance Holding USA, Inc. and Reliance Industries Limited (RIL), has completed the sale of one of its three upstream shale gas assets in the US to BKV Chelsea, […]
Vodafone India and Idea Cellular have separately agreed to sell their respective stand-alone tower businesses in India to American Tower Corporation Telecom Infrastructure Private Limited (ATC TIPL) for an aggregate enterprise value of $1.2 billion. […]
Reportedly, five companies have submitted expression of interest bids for acquiring a stake in the Dahej greenfield port project. The companies are JSW Infrastructure Limited, IMC Limited, Essar Ports Limited, Shapoorji Pallonji & Company Limited […]
Petronet LNG Limited (PLL) has dropped its plans to buy a 25 per cent stake in Gujarat State Petroleum Corporation’s (GSPC) Mundra LNG import terminal in Gujarat, in order to allow its promoter Indian Oil […]
Bharti Airtel has divested 83 million shares of its subsidiary Bharti Infratel for Rs 33.25 billion through a secondary share sale in the stock market. The sale was executed at a price of Rs 400.60 […]
ONGC Videsh Limited (OVL), the overseas investment arm of the Oil and Natural Gas Corporation (ONGC), has acquired a 15 per cent stake in Namibia’s offshore Block 2012A from Tullow Oil. OVL executed the deal […]
Lenders to GTL Infrastructure have received bids for the acquisition of a 58 per cent stake in the telecom tower company. Among the bidders are the Bain-Piramal joint venture asset reconstruction company, Aion Capital and […]
The Competition Commission of India (CCI) has permitted the intra-group transfer of shares of Indus Towers to Vodafone India’s shareholders from the telecom operator. According to the CCI, the 12 equity shareholders of Vodafone India […]
Reportedly, Seven Islands Shipping Limited has received a nod from the Securities and Exchange Board of India (SEBI) to invite an IPO. The company filed its draft prospectus with SEBI on September 29, 2017. According […]
The initial public offering (IPO) by Future Supply Chain Solutions was fully subscribed on the final day of the bidding process. By 5 p.m., the issue received bids for 22.84 million shares, which was 3.34 […]
The Odisha government has, under its supplementary budgetary provisions, allocated Rs 1.11 billion for urban water supply under the Buxi Jagabandhu Assured Water Supply to Habitations scheme, Rs 1.09 billion for urban sanitation and Rs […]
The central government has approved funds worth Rs 15 billion for the implementation of the Pune Ring Road Project in Maharashtra. The project involves the construction of a 129 km ring road, which will be […]
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