The government has announced that a new credit guarantee scheme will soon be introduced in the cabinet, enabling micro, small, and medium enterprises (MSMEs) to access collateral-free loans of up to Rs 1 billion. The […]
Indian Highways Concessions Trust (IHCT) has entered a share purchase agreement with Ashoka Concessions Limited (ACL), a subsidiary of Ashoka Buildon Limited (ABL), to acquire five road assets worth Rs 25.39 billion. The five road […]
Renew Exim DMCC, a wholly owned offshore entity of Adani Group, has entered into an agreement to acquire 46.64 per cent stake in ITD Cementation for Rs 32.04 billion from ItalianThai Development Public Corporation. Post […]
Bharati Telecom will raise Rs 111.50 billion through non-convertible debentures (NCDs). The proceeds from the funds are to be used to refinance existing debt. The issuance comprises various durations and series of bonds. The annual […]
European Investment Bank (EIB) has sanctioned Rs 27.31 billion (300 million Euros) under the Bengaluru Suburban rail project (Bengaluru rail commuter system). The project involves development of 148.17 km long suburban network in Bengaluru city […]
JSW Steel has entered into a share purchase agreement to acquire a 100 per cent stake in thyssenKrupp Electrical Steel India (tkES India) unit in Nashik through a 50:50 joint venture (JV) with JFE Steel […]
Ambuja Cement has entered into an agreement to acquire a 46.8 per cent stake in Orient Cement for Rs 81 billion. The move aligns with the company’s aim to increase the cement capacity. The acquisition […]
Adani Road Transport’s two special purpose vehicle (SPVs), accepted bids worth Rs 11.25 billion against the bond issue. Mancherial Repallewada Road accepted bids worth Rs 2.37 billion (8.28 per cent coupon rate) through six-year and […]
The Asian Development Bank (ADB) has sanctioned a $434.25 million loan to support renewable energy development and strengthen energy security in Assam. Reportedly, the Assam solar project will establish a 500 MW grid-connected solar photovoltaic […]
Avaada Energy has successfully secured approximately Rs 5.97 billion in refinancing from NIIF Infrastructure Finance Limited (NIIF IFL). The proceeds from the raise will be utilised for its commercial and industrial solar projects in Karnataka […]
Waaree Energies is set to launch Rs 43.21 billion initial public offering (IPO) for subscription on October 21, 2024. The IPO comprises a fresh issue of Rs 36 billion and an offer for sale (OFS) […]
Nexus Select Trust has signed an agreement to acquire Vega City Mall from Blue Horizon Hotels for Rs 8.77 billion. The acquisition will be made through Vijaya Productions Private Limited, a special purpose vehicle (SPV) […]
Adani Ports and Special Economic Zone (APSEZ) has completed the acquisition of a 95 per cent stake in Gopalpur Port Limited from existing shareholders for Rs 13.49 billion. This acquisition follows a definitive agreement signed […]
Actis Atlantic Holdings has entered into a definitive agreement to acquire a 100 per cent stake in Vindhyachal Expressway from Kalapatru Projects International for Rs 7.75 billion. The acquisition is expected to be completed within […]
Exicom, an electric vehicle (EV) charging solutions company, has acquired Tritium for Rs 2.1 billion, which is a US based DC fast charging company. The company will set up a manufacturing facility in Hyderabad where […]
Zinka Logistics Solutions received a nod from the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) comprising a fresh issue of up to Rs 5.5 billion and an offer for […]
The International Finance Corporation (IFC) has partnered with Axis Bank to provide a $500 million loan to them, aiming to scale green financing in India and develop the blue finance market. The funds will be […]
Bharat Highways InVIT has acquired GR Infraprojects’ wholly owned subsidiary, GR Aligarh Kanpur Highway Private Limited (GAKHPL), for a consideration of Rs 986 million. During 2023-24, the subsidiary contributed Rs 1.8 billion to G R […]
Adani Power Limited has signed a business transfer agreement with North Maharashtra Power Limited to acquire the Adani Dahanu thermal power station for Rs 8.15 billion. The power station, located in Dahanu, Maharashtra, has a […]
Actis Atlantic Holdings has entered into a definitive agreement to acquire a 100 per cent stake in Vindhyachal Expressway from Kalpataru Projects International for Rs 7.75 billion. The acquisition is expected to be completed within […]
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