Putting in place disclosure norms for municipal bonds, the Securities and Exchange Board of India (SEBI) has asked municipalities to disclose all price-sensitive information and financial results to the stock exchanges. Municipalities proposing to issue […]
Aiming at a major push for infrastructure, Indian Railways will raise Rs 350 billion with World Bank assistance to create a separate fund for investment in the rail sector. The proposed Railways of India Development […]
Idea Cellular and Vodafone India are learnt to be in advanced talks with Canada-based asset management firm Brookfield Asset Management to sell their stand-alone telecom tower business in a combined deal. Idea Cellular has around […]
Adani Power has approved the hiving off of its 4,620 MW Mundra power station to its subsidiary, Adani Power Mundra Limited. The sale is for a lump sum amount with no specific values assigned to […]
Reliance Communications (RCOM) has stated that the wireless company to be formed upon its merger with Aircel will be called Aircom. According to RCOM, the merged entity will enjoy substantial benefits of scale and capex […]
The CCI has approved the proposed merger of Bharti Airtel and Telenor India. Earlier, Airtel had received approvals from SEBI, the Bombay Stock Exchange and the National Stock Exchange for its proposed merger with Telenor […]
The Competition Commission of India (CCI) has allowed Tata Sons to buy NTT DOCOMO’s 21.6 per cent stake in Tata Teleservices Limited (TTSL). Tata Sons recently sought permission from the CCI to buy DOCOMO’s stake. […]
The Reserve Bank of India (RBI) has allowed foreign investors to increase their stake to 49 per cent (from the earlier 24 per cent) in telecom infrastructure firm Tejas Networks. Foreign institutional investors/foreign portfolio investors […]
The Department of Investment and Public Asset Management is expected to seek cabinet approval soon for the Oil and Natural Gas Corporation (ONGC) to buy the central government’s entire stake (51.11 per cent) in Hindustan […]
GVK Power and Infrastructure Limited has sold its remaining 10 per cent stake in Bengaluru airport to Fairfax India Holdings for a consideration of Rs 12.9 billion. The move is in line with GVK’s strategy […]
Adani Ports and Special Economic Zone Limited (APSEZL) is reportedly exploring the possibility of acquiring a controlling stake in Gujarat Pipavav Port Limited (GPPL). APSEZL has initiated the process to acquire APM Terminals Management B.V.’s […]
Bharat Road Network Limited (BRNL) has received SEBI’s nod for an IPO. BRNL filed its draft red herring prospectus on February 17, 2017. The IPO will comprise an issue of 29.3 million shares, which will […]
The Union cabinet has approved an IPO by the Indian Renewable Energy Development Agency (IREDA) for the issue of Rs 139 million equity shares of Rs 10 each. It also approved the issue of shares […]
Reliance Infrastructure InvIT Fund has got the final nod from the Securities and Exchange Board of India (SEBI) to float its proposed initial public offering (IPO). The proposed issue size is Rs 25 billion, with […]
The Ministry of Corporate Affairs has exempted infrastructure investment trusts (InvITs) from the ambit of the acceptance of deposit rules under the Companies (Acceptance of Deposits) Rules, 2014, a move that is expected to ease […]
Tata Power Renewable Energy Limited (TPREL) has issued and allotted guaranteed, unsecured, non-cumulative, redeemable, taxable, listed, rated non-convertible debentures (NCDs) worth Rs 5 billion on private placement basis. The NCDs will carry a coupon rate […]
The standing committee of the Pune Municipal Corporation (PMC) in Maharashtra has approved the proposal to raise funds via municipal bonds for the 24×7 water supply project. Bonds worth Rs 23 billion will be issued […]
HPCL is likely to raise Rs 270 billion for its Barmer refinery-cum-petrochemical project soon. The estimated cost of the project is Rs 431.12 billion. HPCL plans to raise Rs 270 billion through debt while the […]
The Rural Electrification Corporation (REC) will provide financial assistance of Rs 600.63 billion and Rs 256.6 billion to Tamil Nadu Generation and Distribution Corporation Limited and Tamil Nadu Transmission Corporation Limited respectively. The financial assistance […]
The Ministry of Urban Development (MoUD) has allowed as many as 26 municipal corporations to issue bonds to raise funds for developing urban infrastructure under initiatives such as the Smart Cities Mission and the Atal […]
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