Welspun Enterprises Limited has achieved financial closure for Package I of the Delhi-Meerut expressway project. This is the first hybrid annuity-based project to have closed financially. Package I entails a total cost of Rs 8.41 […]
The National Investment and Infrastructure Fund (NIIF) has become operational and will commence funding activities soon. The dedicated fund is indicative of the government’s attempt to make more funds available for the infrastructure sector. Funding […]
Tata Power Renewable Energy Limited (TPREL), a wholly owned subsidiary of Tata Power Company Limited, has completed the acquisition of Welspun Renewables Energy Private Limited (WREPL) at an enterprise value of Rs 92.49 billion. With […]
Reliance Communications (RCOM) has signed a definitive agreement to merge its wireless operations with Aircel’s wireless business. RCOM and Maxis Communications Berhad (the Malaysia-based parent company of Aircel) will each hold a 50 per cent […]
Adani Ports and Special Economic Zone Limited (APSEZL), through its subsidiary Abbot Point Operations (APO), has entered into an agreement to acquire the ownership of Australian company Abbot Point Bulkcoal Pty Limited (APB). APB operates […]
RInfra has signed a binding agreement with Adani Transmission Limited (ATL) for the sale of its power transmission assets to the latter. The company will utilise the proceeds for reducing its debt burden. SBI Capital […]
ONGC Videsh Limited (OVL) and its wholly owned subsidiary ONGC Videsh Vankorneft Private Limited, jointly signed definitive agreements with Rosneft for acquiring an additional 11 per cent share in JSC Vankorneft, the owner of the […]
Vodafone India received an equity infusion of Rs 477 billion from the Vodafone Group in the first half of 2016-17. The equity infusion, via the foreign direct investment (FDI) route, is the largest ever FDI […]
The board of the Oil and Natural Gas Corporation (ONGC) has approved the signing of an MoU for buying a stake in Gujarat State Petroleum Corporation Limited’s (GSPC) Krishna-Godavari (KG)-OSN-2001/3 block. ONGC has hired US-based […]
The CCEA has approved stake purchases in two Russian oilfields by a consortium comprising Indian Oil Corporation Limited (IOCL), Oil India Limited and BPCL for a total of $3.14 billion. The consortium will acquire a […]
ICICI Bank has acquired an 11.08 per cent equity stake in ABG Shipyard Limited by exercising its option of converting compulsorily convertible preference shares into equity. The lenders now have a 49 per cent stake […]
The centre is considering roping in two-three banks, including the State Bank of India (SBI) and Punjab National Bank, to pick up a stake in the Rs 5 billion credit enhancement fund anchored by Indian […]
Bharat Petroleum Corporation Limited (BPCL) is planning an IPO in 2017-18 for its Bina refinery joint venture (JV) company, Bharat Oman Refineries Limited, a JV between BPCL and the Oman Oil Company (OOC). With regard […]
GR Infraprojects Limited has filed its draft red herring prospectus to float its maiden public issue. The proposed initial public offering (IPO) comprises a fresh issue to raise Rs 2.4 billion in addition to an […]
Reliance Infrastructure Limited (RInfra) has filed its papers with SEBI seeking approval for forming an InvIT. The company has started the documentation process for its draft red herring prospectus and plans to finish it by […]
Energy Efficiency Services Limited (EESL) has issued bonds worth Rs 5 billion in the domestic market on a private placement basis with the issue being fully subscribed. The bonds, carrying a coupon rate of 8.07 […]
The Union cabinet has approved a proposal to raise about Rs 313 billion by the National Highways Authority of India (NHAI), the Power Finance Corporation, the Rural Electrification Corporation, the Indian Renewable Energy Development Agency, […]
The Housing and Urban Development Corporation (Hudco) has raised Rs 13 billion through the private placement of non-convertible bonds to finance affordable housing and urban infrastructure projects. The entire amount was raised in two tranches […]
YES Bank has raised Rs 21.35 billion by issuing senior long-term infrastructure bonds and will use the proceeds to finance affordable housing and infrastructure projects. The bond issue carried a coupon rate of 8 per […]
ADB has approved a $631 million loan for the construction of an industrial corridor between Visakhapatnam and Chennai, part of India’s first coastal industrial corridor running from Kolkata in West Bengal to Tuticorin in Tamil […]
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