Sembcorp Industries Limited has agreed to buy private equity (PE) firm IDFC Alternatives’ stake in its Indian renewable energy unit. The company’s wholly owned subsidiary Sembcorp Utilities Private Limited will take complete control of Sembcorp […]
Adani Transmission Limited is reportedly planning to raise fresh equity capital of up to Rs 30 billion through a qualified institutional placement. The funds raised will most likely be used for meeting capital expenditure requirements […]
The initial public offering (IPO) of Bharat Road Network Limited (BRNL) was fully subscribed on day three of the bidding process. According to Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) data, the issue […]
The Ministry of Road Transport and Highways (MoRTH) is planning to raise Rs 150 billion from the Employees’ Provident Fund Organisation (EPFO) to fund its highway construction programme. It plans to issue National Highways Authority […]
The State Bank of Indiaplans to raise up to $3 billion in the country’s biggest overseas green bond issue, tapping investors such as BlackRock, IFC and JP Morgan-backed entities for funding projects that will help […]
The Asian Infrastructure Investment Bank (AIIB) is planning to pump in $1.5 billion (Rs 95.99 billion) in six new projects in India. The $1.5 billion proposed investment by AIIB, is for the Mumbai Metro Line […]
TheInternational Finance Corporation (IFC) is likely to provide debt financing worth $150 million to ACME Jaipur Solar Power Private Limited, for the construction of a 250 MW solar plant in Madhya Pradesh. Around $50 million […]
The Kerala government has allotted Rs 1.29 billion to Kochi city as central assistance for projects to be implemented under AMRUT. Of this amount, Rs 530.1 million (about 41 per cent) has been allotted for […]
The Urban Development Department of the Maharashtra government has issued a notificationapproving funds for 18 sewage and water management projects being implemented by14 municipal corporations across the state. In order to ensure their timely completion, […]
Funds of over Rs 2 billion have been allocated for Jammu under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT). Several other major towns of the state will also be covered under AMRUT so […]
The Kerala Infrastructure Investment Fund Board has sanctioned Rs 1.09 billion for the Anayadi-Koodalroad project. The scope of the project involves the construction of a 35.1 km road between Anayadi and Koodal in Kerala.
Supreme Infrastructure has received the nod to restructure its Rs 24.1 billion debt raised from an SBI-led consortium under the Scheme for Sustainable Structuring of Stressed Assets (S4A). Meanwhile, the Reserve Bank of India’s oversight […]
The deal to take over India’s Essar Oil by Russia’s largest oil producer Rosneft has been completed. The deal, where Rosneft will hold a 49 per cent stake, will allow the Russian company to increase […]
Vodafone India and Idea Cellular have reportedly given formal mandates to investment banks, Morgan Stanley and Bank of America Merrill Lynch, to finalise buyers for the sale of their tower assets. While Vodafone India has […]
Orient Green Power Company Limited (OGPL) is planning to sell its biomass business to its promoter company – Shriram Ventures Limited. The enterprise value of the sale is estimated to be around Rs 2.75 billion. […]
Saudi Arabia-based Aramco is seeking a dialogue with India to buy a stake in the world’s biggest refinery-cum-petrochemical complex that the country plans to build in Maharashtra at a cost of $40 billion. Saudi Aramco […]
Petronet LNG Limited is in talks to acquire a 25 per cent equity stake in the Gujarat State Petroleum Corporation’s (GSPC) Mundra LNG terminal project. GSPC first offered its 50 per cent stake to Indian […]
The Union cabinet has granted in-principle approval to sell the government’s stake in state-owned airline Air India. The government has been exploring ways to privatise the loss-making national carrier, which was bailed out in 2012 […]
ONGC Videsh has signed definitive binding agreements with Tullow Namibia Limited, a wholly owned subsidiary of Tullow Oil plc, for acquiring a 30 per cent participating interest in Namibia Petroleum Exploration License 0037 for Blocks […]
The Edelweiss Asset Reconstruction Company has concluded the buyout of a majority stake in debt-ridden Adhunik Power and National Resources for Rs 28 billion. Most of the 24-member consortium, led by the State Bank of […]
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