Sterlite Power has announced the refinancing of the Lakadia-Vadodara Transmission project loan within 12 months of the project becoming fully operational in January 2023. The new financing from HDFC Bank Limited, India Infrastructure Finance Company […]
National Asset Reconstruction Company of India Limited (NARCL) is aiming to raise Rs 27 billion in debt to expedite the purchase of stressed loans. The company is in talks with private and government-owned banks to […]
Power Finance Corporation Limited (PFC) has signed an MoU with the Goa government to support the state’s climate ambitions through a blended finance facility being set up in partnership with the World Bank. Under the […]
Yotta Data Services and its subsidiary NMDC Data Centre have raised over Rs 13.57 billion through a long-term loan from the State Bank of India (SBI). The entire loan facility includes debt worth Rs 13 […]
Avaana Capital has announced that the Green Climate Fund (GCF) has sanctioned a significant $24.5 million investment in its climate and sustainability fund. The Avaana Capital’s climate and sustainability fund, valued at $120 million, of […]
Bharti Airtel’s subsidiary Bharti Hexacom has received an approval from the Securities and Exchange Board of India (SEBI) for raising funds through an initial public offering (IPO), along with the issue of Jyoti Structures Limited. […]
According to industry sources, Bharat Sanchar Nigam Limited (BSNL) is planning to issue two 10-year government-guaranteed bonds to raise funds up to Rs 24.06 billion ($290.3 million), which includes a greenshoe option of Rs 18.01 […]
Tata Power Company Limited has received a letter of intent from RECPDCL to acquire and develop Jalpura Khurja Power Transmission Limited at an estimated cost of Rs 8.38 billion. This initiative involves the acquisition of […]
CDPQ and Cube Highways are among the bidders expressing interest in acquiring the National Investment and Infrastructure Fund’s (NIIF) maiden road portfolio. The portfolio comprises five road projects and is expected to be valued at […]
Ashoka Buildcon is likely to divest a portfolio of 11 roads to Sekura, an infrastructure platform under Edelweiss Infrastructure Yield Plus fund, for an equity value estimated at Rs 22 billion-Rs 23 billion (approximately $265 […]
Several prominent asset reconstruction companies (ARCs), including global fund JC Flowers ARC and Varde Partners-backed Aditya Birla ARC, recently participated in the Swiss auctions initiated by lenders for three road projects, which include Pink City […]
Sembcorp Industries has completed the acquisition of 100 per cent of the share capital in two SPVs owned by Leap Green Energy Private Limited. This acquisition, carried out by Sembcorp’s wholly owned-subsidiary Green Infra Wind […]
IndiGrid has concluded the acquisition of a 300 MW AC solar asset at an enterprise valuation of approximately Rs 15.5 billion, excluding net working capital and cash adjustments, aligning with the share purchase agreement signed […]
Transindia Real Estate Limited has signed a definitive agreement to sell its logistics park at Jhajjar in Haryana for Rs 6.36 billion, while also divesting its stake in industrial parks at Malur and Venkatapura as […]
REC Power Development and Consultancy Limited (RECPDCL), a wholly-owned subsidiary of REC Limited, has handed over five project-specific special purpose vehicles (SPVs), formed for interstate transmission system (ISTS) projects, through the tariff-based competitive bidding process. […]
The Competition Commission of India (CCI) has approved the proposed combination involving the acquisition of 100 per cent shareholding of Coastal Energen Private Limited (CEPL) by Dickey Alternative Investment Trust and Adani Power Limited. CEPL […]
The Competition and Consumer Commission of Singapore (CCCS) has reportedly provided conditional approval for the merger of Vistara with Air India. Singapore Airlines (SIA) owns 49 per cent of Vistara. Following the merger, SIA will […]
I-Squared Capital-backed CGD companies in India, AG&P Pratham and Think Gas Distribution, are set for a stock-for-stock merger, estimated to be valued at over $1.1 billion (Rs 90.96 billion). Both companies are in the CGD […]
Bharti Airtel has waived its right of first refusal to acquire Telecommunications Consultants India Limited’s (TCIL) 30 per cent stake in Bharti Hexacom as it sees no immediate value in such a move. Last month, […]
SpiceJet has received an additional investment of Rs 3.16 billion, taking the total amount of funds raised through a preferential issue to Rs 10.6 billion. On February 21, 2024, the airline’s board of directors approved […]
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