Bharti Airtel has completed the acquisition of Augere Wireless Broadband India. In August 2016, Airtel had signed a definitive agreement to acquire a 100 per cent equity stake in the company. The deal size is […]
Bharti Airtel has signed a definitive agreement with Telenor South Asia Investments Pte Limited to acquire Telenor India. Under the agreement, Bharti Airtel and Telenor India will merge and Airtel will take over Telenor India’s […]
Shreyas Shipping and Logistics Limited (SSL) has accorded approval to its wholly owned subsidiary, Shreyas Relay Systems Limited (SRSL), to acquire a 99.99 per cent stake in Balaji Shipping Lines FZCO, Dubai. The approval was […]
Petronet LNG Limited (PLL) has bought a 26 per cent stake in a liquefied natural gas (LNG) vessel for a consideration of Rs 1 billion. The LNG vessel, Prachi, was delivered in December 2016. After […]
Bharti Airtel has acquired a strategic equity stake in financial technology start-up Seynse Technologies for an undisclosed amount. The acquisition was undertaken through Bharti Airtel’s subsidiary Bharti Airtel Services. Seynse has created a digital lending […]
Japan-based Softbank is reportedly planning to acquire a 15-20 per cent stake in the merged entity proposed to be formed by Vodafone India and Idea Cellular. The sale of shares to a new investor will […]
Clean energy firm Bhoruka Power Corporation Limited is planning to raise equity investment of $120 million to increase renewable energy capacity to 1 GW by 2020. It is in talks with private equity investors and […]
Japan-based Softbank is reportedly planning to acquire a 15-20 per cent stake in the merged entity proposed to be formed by Vodafone India and Idea Cellular. The sale of shares to a new investor will […]
Japan-based Softbank is reportedly planning to acquire a 15-20 per cent stake in the merged entity proposed to be formed by Vodafone India and Idea Cellular. The sale of shares to a new investor will […]
US-based private equity firm Providence Equity Partners has sold its entire 3.3 per cent equity stake in Idea Cellular in a block deal for about Rs 13.25 billion, ahead of the telecom service provider’s impending […]
The board of state-owned Oil and Natural Gas Corporation (ONGC) has approved the signing of definitive agreements for buying debt-laden Gujarat State Petroleum Corporation’s (GSPC) entire 80 per cent stake in the Krishna Godavari (KG) […]
Bengaluru-based telecom equipment company Tejas Networks Limited has filed the draft red herring prospectus with SEBI for an IPO. The IPO comprises a fresh issue of shares worth Rs 4.5 billion ($67 million) and an […]
Srei Infrastructure Finance Limited-promoted Bharat Road Network Limited (BRNL) has filed a draft red herring prospectus with SEBI for an IPO. As per the prospectus, the IPO comprises a fresh issue of 29.3 million shares, […]
The IRB InvIT Fund, an investment trust sponsored by IRB Infrastructure Developers, has received SEBI’s approval to raise Rs 43 billion through an initial public offering (IPO). The fund had filed its draft papers for […]
GMR Hyderabad International Airport Limited (GHIAL) is reportedly planning to raise $300 million-$350 million by selling high-coupon offshore bonds. The company has hired Citigroup, Inc. and Bank of America Merrill Lynch, among others, to conduct […]
IOCL has offered interest-free unsecured bonds to the Odisha government to make the Paradip refinery project viable, after the state withdrew fiscal incentives for the project. On December 29, 2016, the Odisha government issued a […]
The central government has signed a $500 million loan agreement with ADB to improve large-scale power transmission in the country. The loan will facilitate the financing of 800 kV high voltage direct current converter stations […]
Tata Teleservices Limited (TTSL) has obtained shareholder consent to double its authorised capital from Rs 200 billion to Rs 400 billion and raise up to Rs 100 billion through compulsorily convertible preference shares (CCPSs) on […]
The L&T Infra Debt Fund (L&T IDF), a refinancing unit, is raising about Rs 25 billion through debentures to provide liquidity for road and renewable energy projects. Rating agency CRISIL has assigned AAA rating for […]
Indian Oil Corporation Limited (IOCL) has availed of a term loan of Rs 28 billion from a consortium of six banks led by the State Bank of India (SBI) for financing its Ennore LNG terminal […]
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