Two public sector units, the Indian Railway Finance Corporation (IRFC) and Bharat Petroleum Corporation Limited (BPCL), have cumulatively raised Rs 50 billion from the corporate bond market. IRFC raised Rs 30 billion via 15-year bonds […]
Adani Green Energy Limited (AGEL) plans to raise up to $12 billion by selling green bonds over the next four to five years. The company expects to raise $2 billion-$3 billion annually from the sale […]
NHAI has set up a four-member search-cum-selection panel to manage its upcoming infrastructure investment trust (InvIT). As a part of the process for setting up the InvIT, a new company is being formed to act […]
Tata Power Limited plans to set up an InvIT for its renewable energy assets and look for investors as part of a broader plan that also involves selling non-core units to slash debt. The company’s […]
The Abu Dhabi Investment Authority (ADIA) has revived talks to invest close to $1 billion (about Rs 75 billion) in Reliance Industries’ InvIT, Jio Digital Fibre, for up to a 25 per cent stake. This […]
US-based Carlyle Group has entered into an agreement to buy a 25 per cent stake in Bharti Airtel’s data centre arm Nxtra Data Limited for $235 million. The acquisition will give Airtel’s Nxtra an enterprise […]
Social venture capital investor Acumen has marked a full exit from Orb Energy Private Limited which it had backed nine years ago. The impact investor has exited Orb Energy via a secondary share sale to […]
Reportedly, EverSource Capital is set to take over IL&FS Environmental Infrastructure and Services Limited (IEISL) and its subsidiaries, as it has emerged the highest bidder for them. The deal is likely to reduce the debt […]
Saudi Arabia’s Public Investment Fund (PIF) has invested Rs 113.67 billion ($1.5 billion) in Jio Platforms. PIF’s investment will translate into a 2.32 per cent equity stake in Jio Platforms on a fully diluted basis. […]
RIL has announced that PE firms TPG and L Catterton will invest Rs 45.47 billion ($600 million) and Rs 18.94 billion ($250 million), respectively, in Jio Platforms. TPG’s investment will translate into a 0.93 per […]
Private equity firm Convergent Finance LLP will invest $14.1 million (nearly Rs 1.07 billion at the current exchange rate) in Jyoti International Foods Private Limited, a supply chain solutions provider for the food services industry. […]
Cube Highways and Infrastructure Pte Limited’s plan to acquire a road project in northern India has fallen through after the $263 million deal could not be completed within the stipulated time frame. Cube Highways had […]
Japan’s SoftBank Group is looking to sell its entire stake in Indian green energy firm SBG Cleantech, an 80:20 joint venture between SoftBank and Bharti Enterprises. For this, it is in separate talks with the […]
GMR Infrastructure Limited has modified a deal to sell a stake in its airports arm to French company Groupe ADP after the COVID-19 pandemic grounded flights worldwide. In February 2020, GMR Infrastructure had agreed to […]
Hindustan Zinc, a subsidiary of the Vedanta Group, is planning to sell its wind energy assets of 273 MW, valued at around Rs 15 billion. The wind projects are located across Rajasthan, Gujarat, Maharashtra, Karnataka […]
Adani Power Limited has signed a definitive agreement to acquire a 49 per cent stake in the Odisha Power Generation Corporation (OPGC) from the AES Corporation, a US-based global energy company, for $135 million. Adani […]
The CCI has approved Facebook’s deal to buy a 9.99 per cent stake in Jio Platforms through its subsidiary Jaadhu Holdings LLC, a new entity incorporated in Delaware in the US. In its submission to […]
APSEZL and Gateway Distriparks Limited have resolved their dispute over the cancellation of the former’s planned acquisition of Snowman Logistics Limited, a Gateway subsidiary. The two companies had agreed not to proceed with the acquisition […]
Bharti Infratel has extended the deadline of its merger with Indus Towers by over two months to end August 2020. With regard to this, the company’s board of directors recently met to discuss the status […]
According to sources, the Ministry of Finance is mulling over a proposal that includes temporary suspension of most of the taxes levied on the aviation sector, including a deferment of the aviation fuel tax. The […]
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