The Bangalore Water Supply and Sewerage Board (BWSSB) in Karnataka has sought a grant worth Rs 18.86 billion from the state government to implement water supply and underground drainage (UGD) works in the newly added […]
The National Bank for Agriculture and Rural Development (NABARD) has approved a loan of Rs 2.05 billion for a 10 MW solar plant at Haryana Power Generation Corporation Limited’s 1367.8 MW Panipat thermal power station. […]
RBI has announced a host of measures to boost investor participation and market liquidity in the corporate bond market. It has allowed commercial banks to issue rupee-denominated bonds (masala bonds) in overseas markets, for meeting […]
The Cabinet Committee on Economic Affairs has approved a slew of measures proposed by the National Institution for Transforming India (NITI) Aayog to boost the construction sector and restart stalled infrastructure projects. Under the new […]
Telcom companies are likely to spend Rs 1 trillion on buying spectrum across various bands in the next auction likely to be held in September 2016. The top three carriers – Bharti Airtel, Vodafone India […]
Bharti Infratel has stated that it will buy back 47 million shares for Rs 425 each in a deal valued at Rs 20 billion. The move is aimed at returning surplus funds, which are over […]
CLP India Private Limited has acquired a 49 per cent stake in SE Solar, a special purpose vehicle set up by Suzlon Energy to develop a 100 MW solar project at Veltoor, Telangana. The deal, […]
Tata Communications has entered into an agreement with Liquid Telecom and Royal Bafokeng Holdings for the sale of its South Africa-based subsidiary Neotel for ZAR 6.55 billion. The transaction is subject to approval by South […]
Religare Finvest Limited, a subsidiary of Religare Enterprises Limited, has acquired a 24.49 per cent stake (1.32 million pledged shares) in ABG Shipyard Limited. Since March 2014, ABG Shipyard has been in the midst of […]
GMR Energy Limited (GEL), a subsidiary of GMR Infrastructure Limited, has entered into definitive agreements with Adani Transmission Limited (ATL) for the sale of two SPVs – Maru Transmission Services Limited (MTSL) and Aravali Transmission […]
Indian Oil Corporation Limited (IOCL), Oil India Limited (OIL) and Bharat Petro Resources Limited (BPRL) are together looking to raise $2 billion in debt to fund their stake purchase in two Russian fields, Vankorneft and […]
Infrastructure Leasing and Financial Services (IL&FS) has transferred its equity stake in Noida Toll Bridge Company Limited. The stake transfer comprises 1.9 million equity shares of Rs 10 each representing a share of 1.02 per […]
Cochin Shipyard Limited has hired a consortium of merchant bankers led by SBI Capital Markets Limited to manage its IPO. The other members of the consortium are JM Financial Institutional Securities Limited and Edelweiss Financial […]
Mahanagar Gas Limited (MGL) is listed on the exchanges at Rs 540 per share, up 28 per cent from its issue price of Rs 421 per share. The country’s second largest compressed natural gas (CNG) […]
Sterlite Power Grid Ventures has sought SEBI approval to raise Rs 25 billion-Rs 30 billion through InvITs. The company plans to utilise the funds for existing and upcoming projects as well as to pay off […]
SEBI has granted MEP Infrastructure Developers Limited (MEP) the certificate of registration to set up an infrastructure investment trust (InvIT). MEP is the sponsor for the MEP InvIT.
Tata Power Renewable Energy Limited has raised Rs 5.75 billion through the issue of NCDs on a private placement basis. The company will utilise the proceeds to prepay the existing high-cost debt. The NCDs will […]
ICICI Bank has sold outstanding Essar Steel loans worth around Rs 16 billion to Edelweiss ARC. ICICI Bank’s total exposure in Essar Steel was over Rs 30 billion. The bank is now left with working […]
The Asian Development Bank (ADB) has approved a $500 million loan to construct a bridge across the Ganga river. Along with ADB’s loan and $900,000 in technical assistance to improve bridge operation and management, the […]
The Kolkata Municipal Corporation in West Bengal has inked an agreement with ADB for augmentation of the water supply system and modernisation of the drainage system in the city. ADB will release a sum of […]
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