Vedanta emerged as the highest bidder to acquire Jaiprakash Associates Limited (JAL) with a bid of Rs 170 billion. Based on this bid, the net present value of JAL is estimated at Rs 125.05 billion. […]
Leap India has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise Rs 24 billion through an initial public offering (IPO). The IPO comprises a fresh […]
Real estate investment trusts (REITs) and InvITs have crossed the Rs 9 trillion mark in assets under management (AUM). According to projections by the Indian REITs Association (IRA) and Bharat InvITs Association (BIA), their combined […]
Neo Infra Income Opportunities Fund (NIIOF) has acquired SolarArise India Projects Private Limited from ThomasLloyd Energy Impact Trust for an enterprise value of Rs 14 billion. With this transaction, NIIOF has entered the renewable energy […]
Vertelo, Macquarie Asset Management’s fleet electrification platform, has raised Rs 35.42 billion ($405 million). The investors include Green Climate Fund (GCF), Macquarie Green Energy Transition Solutions Fund (GCF), Macquarie Green Energy Transition Solutions Fund, Allianz […]
Power Finance Corporation Limited (PFC) has signed a €150 million loan agreement with Germany’s KfW to finance projects under the Government of India’s revamped distribution sector scheme (RDSS). The loan proceeds will be used for […]
UltraTech Cement sold a 6.49 per cent stake in India Cements through an offer for sale (OFS) to comply with minimum public shareholding norms. The non-retail portion of the OFS was subscribed 2.75 times, against […]
Vikran Engineering, an engineering, procurement, and construction (EPC) company in infrastructure space, is set to launch its IPO to raise Rs 7.72 billion. The IPO comprises a fresh issue of Rs 7.21 billion and an […]
Clean Max Enviro Energy Solutions Limited has filed its draft red herring prospectus with the Securities and Exchange Board of India (SEBI) to raise Rs 52 billion through an initial public offering (IPO). The IPO […]
Mindspace Business Parks, a real estate investment trust (REIT), has raised Rs 5.5 billion through sustainability-linked bonds (SLBs) from the International Finance Corporation (IFC). This is the first SLB issuance by a REIT since the […]
Adani Defence Systems and Technologies Limited (ADSTL) in partnership with Prime Aero Services has signed a definitive agreement for the acquisition of a 100 per cent stake in Indamer Technics Private Limited (ITPL), a private-sector […]
India’s real estate investment trust (REIT) market crossed the combined market capitalisation of Rs 1 trillion for the four REITs at the close of trading on July 30, 2025. The four listed REITs are Brookfield […]
The Asian Development Bank (ADB) has sanctioned a soft loan of Rs 42.5 billion to Puducherry for infrastructure development. The loan will be payable over 50 years, carrying an interest rate of three to four […]
The Securities and Exchange Board of India (SEBI) has revised the regulatory framework for converting privately listed infrastructure investment trusts (InvITs) into publicly listed InvITs. The new framework streamlines sponsor-holding norms and aligns disclosure requirements […]
The Ministry of Heavy Industries (MoHI) has announced an amendment to the Prime Minister Electric Drive Revolution in Innovative Vehicle Enhancement scheme (PM E-DRIVE scheme). The scheme with an outlay of Rs 109 billion has […]
IRB InvIT Fund’s unitholders have approved the proposed acquisition of a 100 per cent stake in three road assets from IRB Infrastructure Trust. These three highway assets have an enterprise value of Rs 84.36 billion. […]
Delhivery Limited has announced an amendment to its share purchase agreement to acquire Ecom Express Limited. The stake and consideration have been revised under new terms. Delhivery will now acquire a 99.87 per cent stake […]
Bharti Space Limited is set to invest an additional €120 million (approximately Rs 12.04 billion) in the French satellite operator, Eutelsat Communications S.A., through a rights issue, as part of Eutelsat’s €1.5 billion (over Rs […]
Kazam has raised $6.2 million in a Series B funding round from the International Finance Corporation and existing investors, Vertex Ventures SEA and India, and Avaana Capital Advisors. These funds will be used to support […]
Shadowfax Technologies has filed a confidential DRHP with SEBI for an IPO. The issue size is expected in the range of Rs 20 billion-Rs 25 billion, consisting of both an OFS and a fresh issue. […]
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