IndiGrid has signed definitive agreements to acquire Gadag Transmission Limited (GTL), an interstate transmission system (ISTS) asset in Karnataka, from ReNew, for a consideration of Rs 3.72 billion. The deal also includes an earn-out component […]
The Maple Infrastructure Trust has completed the acquisition of five toll road highway assets from ACL. The transaction was valued at Rs 8.14 billion. The acquisition comprises 2,100 km of operational toll roads. The assets […]
IndoSpace Core, a joint venture (JV) between the Canada Pension Plan Investment Board (CPPIB) and Indospace, has acquired six industrial and logistics parks, valued at Rs 30 billion ($336 million). Of the total investment, CPPIB […]
Tata Steel has signed a definitive agreement to acquire a 50.01 per cent stake in Thriveni Pellets Private Limited (TPPL) for up to Rs 6.36 billion. The remaining stake will continue to be held by […]
Tata Communications has acquired a 51 per cent stake in Commotion Incorporated, an artificial intelligence (AI)-native enterprise software-as-a-service (SaaS) platform with operations in the US and India, for Rs 2.27 billion. The company noted the […]
Smart Joules, an energy-efficiency player, has raised $10 million in a Series B funding round. The investors include the SVL SME New II Fund, Waaree Renewable Technologies and Spectrum Impact. The proceeds from the fundraiser […]
Brookfield India Real Estate Trust has raised Rs 20 billion through the issuance of sustainability-linked bonds (SLBs), with the International Finance Corporation (IFC) acting as the anchor investor. The bonds carry a coupon of 7.06 […]
NLC India Limited (NLCIL) has finalised its maiden green loan under the external commercial borrowing framework, equivalent to $100 million, with SMBC. The proceeds will be used exclusively to finance the capital expenditure of renewable […]
Apraava Energy has secured a total of $92 million in financing from British International Investment (BII) and Standard Chartered to expand its advanced metering infrastructure footprint in India. The transaction includes Rs 4.005 billion each […]
GMR Cargo and Logistics Limited (GCLL), a wholly owned subsidiary of GMR Airports Limited, has secured a Rs 7.5 billion term loan from Axis Bank to fund part of the development of the upcoming cargo […]
The Uttar Pradesh government has granted in-principle approval of Rs 1 billion to establish two centres of excellence (CoEs) under the Uttar Pradesh Green Hydrogen Policy, 2024. Each CoE will receive Rs 500 million in […]
The Andhra Pradesh government has approved Rs 270 million for the immediate restoration of four rainwater outlets at the under-construction Bhogapuram International Airport in Vizianagaram district. This follows a recommendation from Andhra Pradesh Airports Development […]
The central government has approved Rs 17 billion for the construction of rural roads in Uttarakhand. The project involves the construction of 184 rural roads totalling about 1,228 km, as well as the repair of damaged […]
The Ministry of Road Transport and Highways (MoRTH) has approved funds for the construction of a 47.9 km stretch of the 77.4 km Nashik ring road. The total cost for this section is Rs 58.05 […]
The Finance Expenditure Committee of the Uttar Pradesh government has approved funding of Rs 7.3 billion for the construction of the Trans-Ganga City-Kanpur City four-lane bridge project. Earlier, the Uttar Pradesh State Industrial Development Authority […]
CapitaLand India Trust (CLINT) has entered into agreements to divest minority stakes in three under-development data centre assets to the CapitaLand India Data Centre Fund (CIDCF), which is managed by CapitaLand Investment (CLI). Under the […]
WOG Technologies has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO). The IPO will comprise a fresh issue of shares […]
Indian Railway Finance Corporation (IRFC) has signed a Rs 50 billion rupee-denominated term loan agreement with Maharashtra State Power Generation Company (MAHAGENCO). Of the sanctioned amount, Rs 30 billion has already been disbursed. IRFC is […]
IRB Infrastructure Trust has emerged as the preferred bidder for toll-operate-transfer (TOT) Bundle 18 at a bid value of Rs 30.87 billion. The bundle comprises a 74.5 km stretch of the Chandikhole-Bhadrak section of NH-16 […]
Indus Infra Trust has entered into a share purchase agreement (SPA) to acquire four road assets from KNR Constructions Limited for an enterprise value of Rs 34.82 billion. Under the transaction, Indus Infra will acquire […]
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