GAIL Limited has entered into exclusive discussions to buy a stake in ACME Solar Holdings. GAIL is carrying out due diligence on solar power plants owned by ACME Solar and is yet to discuss financial […]
PE firm Apis Partners LLP’s planned investment in L&T Infra Debt Fund (L&T IDF) has been called off. The transaction was terminated as it could not be completed within the deadline. L&T Finance, the financial […]
The Department of Investment and Public Asset Management has signed a share purchase agreement to sell a 67 per cent stake of the government in Kamarajar Port Limited (KPL) to the Chennai Port Trust […]
Sterlite Power has concluded the sale of three assets in Brazil worth BRL 566 million – Arcoverde, Novo Estado and Pampa – which will help the company advance its business strategy in the country. Acquired […]
Total S.A., through its step down subsidiary, has invested Rs 37.07 billion for a 50:50 joint venture (JV) partnership with Adani Green Energy Limited (AGEL). The JV will own 2.148 GW of solar projects operating […]
According to CAPA, the government’s plan to divest its stake in Air India may face further delays in the wake of the COVID-19 outbreak. Till then, the government may have to infuse about Rs 30 […]
Singapore-based Gateway Partners is acquiring a minority stake in TVS Supply Chain Solutions Limited, the logistics arm of the TVS Group, for $100 million (about Rs 7.4 billion). The investment involves both a primary […]
The Maharashtra Maritime Board is expected to acquire an equity stake of at least 26 per cent in the proposed major port at Vadhavan, near Dahanu, in Maharashtra. The port will be developed on the […]
Singapore-based waste management firm Blue Planet Environmental Solutions Pte Limited has invested in waste management services provider Zigma Global Environ Solutions Private Limited. The financial details have not been disclosed. The investment in Zigma will […]
The TVS Group and a group of investors, including AION Capital, the India Resurgence Fund and SSG Capital Management, are in talks with CG Power and Industrial Solutions to invest Rs 5 billion in fresh […]
An India-focused private equity (PE) fund managed by global investment firm Morgan Stanley is set to raise capital from Dutch development bank FMO. North Haven India Infrastructure Fund (NHIIF), which focuses mostly on asset-light infrastructure, […]
ZunRoof, an Indian start-up in the rooftop solar segment, has received Series A funding of $3 million from the Godrej Investment Office. This is the second round of investment by Godrej after its $1.2 million […]
The Asian Development Bank (ADB) will invest $100 million in the National Investment and Infrastructure Fund (NIIF) of India Fund of Funds (FoF). With ADB’s investment in the NIIF platform, the FoF has now secured […]
Antony Waste Handling Cell Limited, the first waste management services company in India to float an IPO, has withdrawn the public issue as it failed to secure enough subscriptions. Previously, the firm had extended […]
The initial public offering (IPO) of the Indian Railway Finance Corporation (IRFC), the fund-mobilising arm of the railways, has been delayed against the backdrop of the ongoing coronavirus pandemic. IRFC was supposed to be listed […]
The Larsen & Toubro (L&T) Group-run IndInfravit has completed the acquisition of 100 per cent stake in eight operational road projects of Sadbhav Infrastructure Project Limited at an enterprise value of Rs 63 billion. […]
The Ministry of Power has moved a cabinet note seeking approval for the monetisation of Power Grid Corporation of India Limited’s (Powergrid) transmission lines through an InvIT. It aims to raise Rs 100 billion […]
IndiGrid has announced the acquisition of another transmission asset worth $134 million, East-North Interconnection Company Limited (ENICL), from Sterlite Power. For the purpose of refinancing existing debt in ENICL, IndiGrid has availed funding of […]
IndiGrid has approved a proposal to acquire Gurgaon Palwal Transmission Limited (GPTL), valued at Rs 10.8 billion, from Sterlite Power Transmission Limited. The acquisition will increase the assets under IndiGrid’s management by 10 per […]
Adani Transmission Limited (ATL) has raised $90 million on a private placement basis to cater to the growing demand for power by expanding its transmission network. The $90 million US-denominated fund has been raised by […]
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