Sterlite Power Grid Ventures has reduced the initial share sale size of its InvIT to Rs 22.5 billion from the Rs 26.5 billion proposed earlier. In December 2016, Sterlite Power Grid Ventures had filed draft […]
Cochin Shipyard Limited has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The shipyard is looking to raise around Rs 15 billion from the offering. As […]
State-run power companies are planning to raise nearly $1 billion (about Rs 64 billion) through masala bonds in the UK during 2017-18. While NTPC Limited is expected to raise Rs 20 billion-Rs 30 billion to […]
The MoRTH has received an overwhelming response for the National Highways Authority of India’s (NHAI) masala bond issue at the London Stock Exchange. The initial benchmarked issue of Rs 15 billion was upsized to Rs […]
The Government of India and the Japan International Cooperation Agency have signed an ODA loan agreement worth Rs 40 billion for Phase I of the North-East Road Network Connectivity Improvement Project. Phase I of the […]
The Housing and Urban Development Corporation, under the Ministry of Housing and Urban Poverty Alleviation, has approved a loan worth Rs 8 billion for the Mumbai-Nagpur Communication Expressway Project. The loan has been approved for […]
The World Bank’s board approved a loan of Rs 24.23 billion ($375 million) for capacity augmentation of National Waterway-1 on April 12, 2017. The loan will be provided by the International Bank for Reconstruction and […]
China-sponsored Asian Infrastructure Investment Bank (AIIB) has approved a $160 million loan for a power project in Andhra Pradesh, the first credit from the bank for an Indian project. The AIIB, in which India is […]
The central government has sanctioned a sum of Rs 43 billion for the construction of ring roads in Jammu & Kashmir. The project is likely to begin in three months. Meanwhile, the expenditure on the […]
The Maharashtra government has sanctioned a Rs 16.22 billion plan for developing infrastructure in 28 Tier II cities. Under the Atal Mission for Rejuvenation and Urban Transformation and Nagar Utthan schemes, projects for water supply, […]
The Ministry of Road Transport and Highways (MoRTH) has approved Rs 36.15 billion for the development of 14 roads (with a total length of 570 km) in Telangana. The state government has also sanctioned Rs […]
In a move that will potentially improve India’s infrastructure funding options, the cabinet allowed state government entities to directly tap bilateral agencies for resources. The new fund-raising route will allow direct borrowing by state public […]
RBI has permitted banks to invest in up to 10 per cent of the unit capital of real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). Banks’ exposure to REITs/InvITs will be within the […]
The government is holding consultations with RBI to prepare guidelines for a fund that is being proposed to be set up to provide guarantees to lower-rated bonds issued by infrastructure companies and bolster their ratings. […]
The Union government has notified the Banking Regulation (Amendment) Ordinance, 2017 to give the Reserve Bank of India (RBI) more powers to tackle bad loans clogging the banking system. The ordinance comes into force immediately […]
IL&FS Transportation Networks Limited (ITNL) has sold its entire stake in Andhra Pradesh Expressway Limited (APEL) to Cube Highways and Infrastructure Private Limited for Rs 14 billion. APEL is an SPV incorporated in November 2005 […]
The Competition Commission of India (CCI) has approved Reliance Communications’ (RCOM) proposed sale of a 51 per cent stake in Reliance Infratel Limited to Canada-based Brookfield Infrastructure Group. In October 2016, RCOM had signed a […]
Bharti Airtel has completed the secondary sale of a 10.3 per cent stake in its subsidiary, Bharti Infratel Limited, to a consortium of funds including private equity firm KKR and Canada Pension Plan Investments Board […]
GVK Power and Infrastructure Limited has completed the sale of a 33 per cent equity stake in Bangalore International Airport Limited (BIAL) to FIH Mauritius Investments Limited and the Fairfax India Holdings Corporation. The divestment […]
RInfra has approved raising as much as $306 million (Rs 20 billion) through a private placement of shares to institutional investors. The company will use the funds to be raised via a qualified institutional placement […]
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