The centre is considering roping in two-three banks, including the State Bank of India (SBI) and Punjab National Bank, to pick up a stake in the Rs 5 billion credit enhancement fund anchored by Indian […]
Bharat Petroleum Corporation Limited (BPCL) is planning an IPO in 2017-18 for its Bina refinery joint venture (JV) company, Bharat Oman Refineries Limited, a JV between BPCL and the Oman Oil Company (OOC). With regard […]
GR Infraprojects Limited has filed its draft red herring prospectus to float its maiden public issue. The proposed initial public offering (IPO) comprises a fresh issue to raise Rs 2.4 billion in addition to an […]
Reliance Infrastructure Limited (RInfra) has filed its papers with SEBI seeking approval for forming an InvIT. The company has started the documentation process for its draft red herring prospectus and plans to finish it by […]
Energy Efficiency Services Limited (EESL) has issued bonds worth Rs 5 billion in the domestic market on a private placement basis with the issue being fully subscribed. The bonds, carrying a coupon rate of 8.07 […]
The Union cabinet has approved a proposal to raise about Rs 313 billion by the National Highways Authority of India (NHAI), the Power Finance Corporation, the Rural Electrification Corporation, the Indian Renewable Energy Development Agency, […]
The Housing and Urban Development Corporation (Hudco) has raised Rs 13 billion through the private placement of non-convertible bonds to finance affordable housing and urban infrastructure projects. The entire amount was raised in two tranches […]
YES Bank has raised Rs 21.35 billion by issuing senior long-term infrastructure bonds and will use the proceeds to finance affordable housing and infrastructure projects. The bond issue carried a coupon rate of 8 per […]
ADB has approved a $631 million loan for the construction of an industrial corridor between Visakhapatnam and Chennai, part of India’s first coastal industrial corridor running from Kolkata in West Bengal to Tuticorin in Tamil […]
The Greater Visakhapatnam Municipal Corporation (GVMC) in Andhra Pradesh has availed of a $245 million loan from the Asian Development Bank (ADB) under the Visakhapatnam-Chennai Industrial Corridor Development Programme. The sanctioned amount will be utilised […]
The central government has given in-principle approval to a grant of Rs 5.15 billion for the development of Sagar port in West Bengal. The grant has been given to make the project financially viable. An […]
The Cabinet Committee on Economic Affairs (CCEA) approved viability gap funding (VGF)/partial capital grant of 40 per cent (Rs. 51.76 billion) of the estimated capital cost of Rs 129.4 billion to GAIL (India) Limited for […]
The Securities and Exchange Board of India (SEBI) has amended regulations for real estate investments trusts (REITs) and infrastructure investment trusts (InvITs) in a bid to make these instruments more attractive for raising capital. SEBI […]
Russian industrial conglomerate Sistema has announced that it will acquire a 17.14 per cent stake in Sistema Shyam TeleServices Limited (Sistema’s Indian subsidiary) from the Russian Agency for State Property Management. As per the agreement, […]
The Ministry of Urban Development (MoUD) has announced that the process of credit rating of urban local bodies (ULBs) has begun in 85 cities of which 12 have completed the process. All the cities will […]
The Ministry of Railways (MoR) is in advanced stages of finalising a proposal to create a $5 billion fund, the Railways of India Development Fund (RIDF), to finance its various infrastructure projects. Once the proposal […]
State-owned Oil and Natural Gas Corporation (ONGC) is in talks to buy a stake in Gujarat State Petroleum Corporation’s (GSPC) Krishna Godavari basin block. GSPC is seeking to sell a majority stake in its KG-OSN-2001/3 […]
Tata Power International Private Limited (TPIPL), a wholly-owned subsidiary of Tata Power Company Limited, has completed a 50 per cent stake sale in OTP Geothermal Private Limited, Singapore to KS Orka Renewables Private Limited. OTP, […]
Reliance Communications (RCOM) is in talks with Brookfield Asset Management for selling a majority stake in its tower company Reliance Infratel. The companies are currently in bilateral negotiations after signing a non-binding agreement in July […]
Piramal Enterprises Limited (PEL) is in advanced stages of talks to undertake an investment of Rs 8 billion in ACME Solar Energy Private Limited. ACME will utilise the funds to complete its upcoming solar power […]
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