Singapore Telecommunications (Singtel) has entered into conditional share purchase agreements with Singapore government-owned sovereign wealth fund Temasek to acquire 7.39 per cent of Bharti Telecom Limited and 21 per cent of Thailand-based Intouch Holdings Public […]
IL&FS Transportation Networks Limited has signed a share purchase agreement with Cube Highways and Infrastructure Private Limited for the sale of its equity stake in Andhra Pradesh Expressway Limited (APEL) for an aggregate value of […]
The International Finance Corporation (IFC) plans to make an equity investment of up to $125 million (Rs 8.4 billion) in renewable energy company Hero Future Energies Private Limited. The international agency will make the investment […]
According to the International Financing Review (IFR), a Thomson Reuters publication, Vodafone India is likely to delay filing the draft prospectus for its up to $3 billion IPO until the end of 2016. The filing, […]
Dilip Buildcon Limited’s IPO was oversubscribed by 20 times. Reportedly, the public issue received bids for 443.74 million shares as against the 21.3 million on offer at the close of the issue. The company had […]
The State Bank of India (SBI) may partner with the Life Insurance Corporation of India (LIC) and India Infrastructure Finance Company Limited (IIFCL) to set up a credit enhancement fund that will provide guarantees to […]
IRB Infrastructure Private Limited has filed a draft red herring prospectus with SEBI to raise Rs 43 billion through an initial public offering (IPO) of its infrastructure investment trust’s (InvIT) units. IRB Infrastructure Private Limited […]
Powergrid Corporation of India Limited plans to raise up to Rs 40 billion through domestic bonds by September 2016. The funds will be utilised to meet the company’s working capital expenditure. This would be the […]
NTPC Limited has raised Rs 8 billion by issuing secured NCDs on a private placement basis. The securities offer a coupon rate of 7.58 per cent per annum with a door-to-door maturity of 10 years. […]
Srei Infrastructure Finance Limited (SIFL) has filed the draft shelf prospectus with the markets watchdog the Securities and Exchange Board of India (SEBI), the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) for […]
CLP India Private Limited has raised Rs 2.2 billion through the issue of asset-specific non-convertible debentures (NCDs) for the 1,320 MW coal-based Jhajjar power plant in Haryana. The company will utilise the proceeds to refinance […]
Delhi International Airport Limited (DIAL) is considering refinancing debt of about Rs 30 billion by raising money through masala bonds or dollar-denominated paper. DIAL has a total project debt of Rs 45.23 billion. In January […]
The Bihar government has privately placed securities to the tune of Rs 7.77 billion under the Ujwal Discom Assurance Yojana (UDAY). RBI had invited bids from eligible participants for subscribing to the securities on September […]
The Jawaharlal Nehru Port Trust (JNPT) has signed an agreement with the State Bank of India (SBI) and the Development Bank of Singapore (DBS) for raising external commercial borrowing (ECB) worth $400 million. Of the […]
The Telangana Drinking Water Supply Project (Mission Bhagiratha) has received approval for raising a loan worth Rs 67.5 billion from a consortium of eight Indian banks. Led by Andhra Bank, the consortium comprises Dena Bank, […]
The Ghaziabad Development Authority (GDA) has received an installment of Rs 2.1 billion from the National Capital Region Planning Board (NCRPB) for its Hindon elevated road project. In January 2016, the NCRPB had announced that […]
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 […]
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