The Ministry of Urban Development has released the list of the first batch of cities selected to be developed as smart cities under the Smart Cities Mission. In the first batch, 20 cities out of […]
The Andhra Pradesh government has earmarked Rs 26.37 billion for undertaking various projects under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) over the next five years. As per the plans, the central government will […]
SE Forge Limited (SEFL), a subsidiary of the Suzlon Group, has exited a corporate debt restructuring plan. This follows an improved performance in terms of revenues in the first nine months of 2015-16. SEFL, which […]
Hero Future Energies has through the issue of climate bonds. The proceeds from the bonds would be utilised for setting up 2.5 GW of wind energy capacity in coming years. The bonds were validated by […]
Canada-based pension fund Caisse de depot et placement du Quebec, and sovereign wealth funds such as the State General Reserve Fund of Oman and Kuwait Investment Authority are in advanced stages of negotiation to form […]
Sterlite Power Grid Ventures Limited has issued non-convertible debentures aggregating Rs 9.25 billion for its subsidiary, East North Interconnection Company Limited (ENICL). ENICL is developing a 450 km transmission network to connect the eastern and […]
Bharti Airtel has completed the acquisition of 74 per cent stake in Augere Wireless Broadband India. The operator had announced its decision to acquire Augere Wireless in August 2015. The same was approved by its […]
GMR Infrastructure Limited (GIL) has decided to restructure its holdings in its airports vertical, GMR Airports Limited (GAL), for which agreements have been executed. As per the terms of the agreements, GIL is entitled to […]
Financial institution IFCI Limited has sold 0.17 per cent stake in the National Stock Exchange (NSE) for Rs 296 million. Without disclosing the name of the buyer, IFCI said it had sold 75,000 shares at Rs 3,950 […]
Welspun Enterprises Limited has entered into a definitive agreement with India Infrastructure Fund II, which is an alternate fund sponsored by IDFC. As per the agreement, the company has sold 37 per cent equity stake […]
The Essar Group has completed the delisting of Essar Oil. The group now has only one listed company, Essar Shipping, which has a market capitalisation of Rs 5 billion. The delisting of Essar Oil led […]
Srei Infrastructure Finance (SREI), Srei Equipment Finance Limited (SEFL) and the BNP Paribas Lease Group (BPLG) have entered into a share purchase agreement, whereby BPLG has agreed to acquire 25,154,317 equity shares of SREI, representing […]
Jet Airways is in talks with Etihad Airways to raise up to $400 million via convertible bonds, partly to reduce the former’s debt obligation and partly to expand its operations. This will increase Etihad’s stake […]
Jaiprakash Associates Limited (JAL) is selling its 2.1 million tonne per year capacity split grinding plant at Bhilai, Chattisgarh to Shree Cements Limited for an enterprise value of Rs 21-22 billion. This is an attempt […]
France’s stock market regulatory body, AMF, has stated in a provisional report that Finnish telecom group Nokia’s $17 billion all-share offer for French-American rival Alcatel-Lucent has been successful. The report stated that the minimal condition […]
The Tata Capital Innovations Fund, a private equity fund managed by Tata Capital, has invested about $5 million in mobile internet solutions provider Alef Mobitech Solutions. Alef Mobitech Solutions is a subsidiary of US-based Alef […]
PNC Infratech Limited has announced the completion of a transaction involving the sale of equity shares of Jaora-Nayagaon Toll Road Company Limited (JTCL) to Viva Highways Limited for a consideration of Rs 341.94 million. PNC […]
Essel Infraprojects Limited has raised Rs 6 billion through non-convertible debentures (NCDs) at a semi-annual coupon rate of 9.05 per cent per annum for a project entailing four-laning of the Lucknow-Rae Bareli section. The project […]
Nagpur Seoni Expressway Limited (NSEL), a wholly owned subsidiary of Sadbhav Infrastructure Project Limited, has refinanced its existing external commercial borrowing debt facilities by the issuance of AAA (SO) NCDs to investors with revised terms […]
The Indian Renewable Energy Development Agency (IREDA) started selling up to Rs 17.16 billion worth of tax-free bonds from January 8, 2016. These bonds offer a generous yield at the highest interest rate seen so […]
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