Reliance Communications (RCOM) has signed binding agreements with Brookfield Infrastructure Partners and its institutional partners to sell a 51 per cent stake in its tower business, Reliance Infratel, for Rs 110 billion. The transaction is […]
The central government has approved the expansion of the mandate of the Delhi Mumbai Industrial Corridor Project Implementation Trust Fund (DMIC-PITF) and re-designated it the National Industrial Corridor Development and Implementation Trust (NICDIT) for the […]
Spanish infrastructure firm Abertis Infraestructuras SA has signed a share purchase agreement to buy two BOT (toll) roads – the Farukhnagar-Jadcherla highway in Andhra Pradesh and the Trichy Tollways project in Tamil Nadu – from […]
Bharti Airtel is in talks with Norway-based Telenor for buying its India business for $350 million. Bharti Airtel is likely to take over half of Telenor India’s liabilities, while the latter is expected to bear […]
Vistara’s board has approved an equity investment of Rs 3.1 billion in the airline, as against its incremental equity requirement of Rs 6 billion. The board noted that the transaction was for a long-term investment […]
Welspun Enterprises Limited, part of the Welspun Group, has announced plans to buy back up to 25 per cent of its share capital at a price of Rs 62 per equity share, for an aggregate […]
India’s Sun Oil and Natural Gas, a unit of Sun Petrochemicals Private Limited, has bought a 33.3 per cent stake in the Hazira oil and gas field from Canada’s Niko Resources Limited. The company is […]
According to reports, PE firm Tridevi Capital Partners is planning to invest $20 million in Prabha Energy Private Limited (PEPL), a subsidiary of Deep Industries Limited. The subsidiary valuation is estimated to be $50 million. […]
State-run Oil and Natural Gas Corporation Limited (ONGC) has approved the acquisition of the entire 80 per cent of Gujarat State Petroleum Corporation Limited’s (GSPC) participating interest in the Deen Dayal West Field in the […]
Tata Sons Limited (TSL) and its wholly-owned subsidiary Tata Petrodyne Limited have agreed to sell their combined 24.8 per cent stake in Nagarjuna Oil Corporation Limited (NOCL) to Allied Machineries and Resources Holdings Inc. (AMR) […]
MBL Infrastructures Limited is currently in talks to raise up to Rs 3 billion in mezzanine funding to infuse additional equity into some of its newly acquired projects to attain financial closure. The company has […]
The World Bank has announced an equity investment of $125 million in Hero Future Energies Limited (HFEL) through its private sector investment arm, IFC. The funds, to be invested by IFC and IFC Global Infrastructure […]
Logistics company Continental Warehousing Corporation (Nhava Seva) Limited has received SEBI’s approval to float its IPO. The proposed issue includes a fresh issue to raise Rs 4.19 billion and an offer for sale of 10 […]
Motilal Oswal private equity (PE)-backed GR Infraprojects Limited has received regulatory clearance from SEBI for its proposed IPO. The IPO aims to raise Rs 2.4 billion ($36 million) via a fresh issue of shares, in […]
Housing and Urban Development Corporation Limited (Hudco) has filed the draft red herring prospectus for an IPO with SEBI, seeking to become the first state-run company to go public in nearly five years. The government […]
Reliance Infrastructure Limited (RInfra) has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) of its InvIT. The InvIT aims to raise Rs […]
The National Highways Authority of India (NHAI) has garnered a sum of Rs 5.02 billion through the issuance of debt securities on the BSE’s electronic book mechanism platform. The issue was oversubscribed by over 10 […]
YES Bank has raised Rs 3.3 billion through green infrastructure bonds on a private placement basis. The bonds are to be listed on the Bombay Stock Exchange (BSE) and will have a seven-year tenure, offering […]
JSW Energy Limited’s board has accorded approval for raising funds up to Rs 7.5 billion through the private placement of redeemable NCDs. The proceeds from the issue will be utilised for general corporate purposes, business […]
Idea Cellular is planning to raise up to Rs 10 billion by selling unsecured non-convertible debentures (NCDs). The company will sell five-year corporate bonds offering an interest rate of 7.77 per cent. The proceeds of […]
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