A consortium of lenders led by IDBI Bank has put on sale a 55 per cent stake in the GMR-built gas-based power project at Rajahmundry in Andhra Pradesh, which the lenders had acquired last year […]
Indian Farmers Fertiliser Cooperative Limited (IFFCO) is planning to take a 10 per cent stake in Swan Energy Limited’s floating storage regasification unit liquefied natural gas (LNG) terminal project at Jafrabad. Earlier, Tata Realty and […]
Tata Steel Limited (TSL) has signed a definitive agreement with Creative Port Development Private Limited (CPDPL) and the latter’s promoters for the development of Subarnarekha port in Odisha. As per the terms of the agreement, […]
Bengaluru-based regional airline Flyeasy has signed an agreement with Air Pegasus to acquire up to 74 per cent stake in the latter for over Rs 700 million. The move is likely to help the grounded […]
Jaiprakash Power Ventures Limited (JPVL) has sought shareholder approval for conversion of part of its outstanding debt of Rs 30.6 billion into 3.06 billion equity shares of Rs 10 each under the strategic debt restructuring […]
Bengaluru-based real-time mobile application management platform Hansel.io has raised $1.35 million in a deal led by IDG Ventures. Existing investor Endiya Partners also invested in the round to buy additional equity. The company will use […]
Infrastructure Leasing & Financial Services Limited (IL&FS) is planning to raise Rs 18 billion through the infrastructure investment trust (InvIT) route, in both domestic and international markets. A significant portion of the proceeds is likely […]
GAIL (India) Limited is planning to raise Rs 7.5 billion via the private placement of bonds to finance its ongoing projects. The company has the option to double the issue size via private placement in […]
Adani Ports and Special Economic Zone Limited (APSEZ) has raised $500 million by the allotment of fixed-rate senior unsecured notes. The notes have been raised in accordance with Regulation S and Rule 144A of the […]
NTPC Limited is reportedly planning to sell foreign currency-denominated bonds worth Euro 500 million soon. The company will offer the bonds as part of a programme to borrow $4 billion for meeting funding requirements. The […]
RIL is planning to invest Rs 300 billion to enhance the network coverage and capacity of its telecom venture, RJIL, taking the total investment to over Rs 2 trillion. The company will raise the funds […]
Bharat Petroleum Corporation Limited (BPCL) has raised $600 million by selling 10-year dollar bonds to investors in Asia and Europe. BPCL’s Singapore arm, BPRL International Singapore Private Limited, raised the money at 200 basis points […]
Idea Cellular is planning to raise Rs 10 billion by issuing corporate bonds. The bonds will offer an interest rate of 8.12 per cent with a tenor of seven years and are proposed to be […]
ReNew Power Ventures Private Limited has raised $475 million by selling green bonds to overseas investors as the solar and wind energy producer plans to refinance debt. The bonds yielded 6 per cent, about 38 […]
REC has signed two agreements with power utilities in Karnataka for extending financial assistance of Rs 390 billion till March 2022. As per the agreement, Bangalore Electricity Supply Company Limited can avail of Rs 120 […]
The National Highways Authority of India (NHAI) has raised Rs 85 billion from the Life Insurance Corporation of India (LIC) for 30 years at an interest rate of 7.22 per cent per annum. The funds […]
The Rural Electrification Corporation (REC) has signed a loan agreement with Tamil Nadu’s power generation and transmission utilities for financial assistance worth Rs 68.9 billion. The agreements were signed with Tangenco and Tantransco for the […]
Reliance Industries Limited (RIL) is planning to raise $2.25 billion in a bid to replace its existing high-cost borrowings and to expand the services of its telecom unit, Reliance Jio Infocomm Limited (RJIL). RIL is […]
Tikona Digital has received funding of $171 million from the Overseas Private Investment Corporation (OPIC), a US-based government development finance agency. The funding, which is a commercial loan, has reportedly put to rest talks regarding […]
ReNew Power Ventures Private Limited has secured a long-term loan of $390 million from the Asian Development Bank (ADB). The funding will be undertaken by ADB and the Leading Asia’s Private Sector Infrastructure Fund, administered […]
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