The Union cabinet has approved the release of the centre’s equity of Rs 10 billion for the 29.7 km Aqua line connecting Noida and Greater Noida, which has been targeted for completion by the end […]
Idea Cellular has secured a loan worth $215 million from Export Development Canada (EDC). The loan is under a pre-existing $500 million uncommitted financing arrangement for Idea’s parent company, the Aditya Birla Group (ABG). Under […]
The Asian Development Bank (ADB) has approved a multi-tranche financing facility of Rs 32.42 billion for Tranches 1 and 2 under the Rajasthan State Highway Investment Program (RSHIP). The RSHIP will upgrade about 2,000 km […]
The central government, the World Bank and the Bihar government have signed a loan agreement worth Rs 15.19 billion ($235 million) for the Bihar Rural Roads Projects. The project will support the construction of around […]
The Maharashtra State Road Development Corporation (MSRDC) plans to raise subordinate debt for the Mumbai-Nagpur Communication Expressway Project. It plans to raise Rs 10 billion each from the Maharashtra Industrial Development Corporation, the Maharashtra Housing […]
The World Bank has approved a loan of $240 million for the implementation of the Power for All scheme in Andhra Pradesh. The loan from the International Bank for Reconstruction and Development has a maturity […]
The Power Finance Corporation has provided a three-year loan of Rs 36 billion to the four state distribution companies of Uttar Pradesh for laying infrastructure for new connections. This loan amount is the largest ever […]
The central government has sanctioned Rs 17.93 billion for the construction of eight national highways, spanning 1,249 km, across the Anantapur, Guntur, West Godavari, East Godavari, Visakhapatnam and Vizianagaram districts of Andhra Pradesh. These are […]
In order to boost connectivity in the Kumaon region, the central government has sanctioned Rs 15.57 billion for the Tanakpur-Pithoragarh national highway. The project involves the construction of a 148 km road stretch on National […]
Moradabad Bareilly Expressway Limited (MBEL), the SPV incorporated by IL&FS Transportation Networks Limited (ITNL), has refinanced its debt availed for the implementation of the Moradabad-Bareilly four-laning highway project (NH-24). Earlier, of the total cost, Rs […]
Australia-based Macquarie Group has agreed to buy 330 MW of operational solar assets from Hindustan Powerprojects Private Limited. The deal has a total value of $660 million. The proposed deal will facilitate the Macquarie Group’s […]
The merger of Cairn India with Vedanta has been completed. The merged entity will have a pro forma market cap of $15.6 billion. The merged company will preserve the “Cairn” brand. For each equity share […]
RCOM has received shareholder approval for the merger of its wireless business with Aircel and Dishnet Wireless. The shareholders have approved (with 99.99 per cent majority) the scheme of arrangement for the demerger of RCOM’s […]
Reliance Infratel Limited, a subsidiary of Reliance Communications (RCOM), has received shareholder approval for the demerger of its tower division into Towercom Infrastructure Private Limited (TIPL). According to RCOM, shareholder approval came in with a […]
Gammon Infrastructure Projects Limited (GIPL) has acquired a 24 per cent stake in Indira Container Terminal Private Limited (ICTPL) from Spain’s Noatum Ports, S.L.U. for Rs 150 billion. A total of 24.37 million of equity […]
GR Infraprojects Limited has sold two of its road projects – the Jodhpur-Pali four-laning highway project (National Highway [NH]-65) and Shillong Bypass two-laning road project (NH-40 and NH-44) to IDFC Alternatives’ India Infrastructure Fund II. […]
Vodafone India has agreed to sell an additional 9.5 per cent stake to the Aditya Birla Group after the two companies merge their telecom operations. The additional stake will be sold for Rs 130 per […]
IDFC Alternatives, the private equity arm of IDFC Bank, has bought a 33 per cent stake in New Silk Route (NSR)-backed tower company Ascend Telecom Infrastructure Private Limited. IDFC Alternatives bought Ascend Telecom’s shares worth […]
One97 Communications is set to raise over Rs 120 billion from Japan’s media and telecom conglomerate SoftBank. The deal will result in SoftBank securing a 20 per cent stake in the company. In 2016, Paytm, […]
The IPO of the IRB InvIT Fund, the country’s first InvIT to hit the primary market, closed on a strong note on May 5, 2017 with the issue being oversubscribed by 8.6 times. The issue […]
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