Five state agencies will provide a cumulative loan of Rs 50 billion to the Maharashtra State Road Development Corporation (MSRDC) for the construction of the Mumbai-Nagpur Expressway. These are the Maharashtra Industrial Development Corporation, the […]
The Asian Development Bank (ADB) has approved a loan worth Rs 17.35 billion ($245 million) for the West Bengal Drinking Water Sector Improvement Project. The project aims to provide safe, sustainable and inclusive drinking water […]
The World Bank has granted in-principle approval for a financial assistance package of Rs 9.29 billion for a water supply and sewage project in Shimla. The assistance will be provided as a development policy loan. […]
The central government, the World Bank and Energy Efficiency Services Limited (EESL) have signed a $220 million loan agreement and a $80 million guarantee pact to push the country’s energy efficiency programme. The programme, which […]
Jet Airways has received liquidity support of $300 million in the form of advance lease incentives and borrowings from domestic banks to overcome a financial crisis. The airline had reported a second consecutive quarterly loss […]
The Greater Hyderabad Municipal Corporation (GHMC) has raised Rs 1.95 billion through municipal bonds for financing road development projects in Hyderabad. These 10-year bonds were offered at a coupon rate of 9.38 per cent. The […]
Vodafone Idea, the merged entity of Vodafone India and Idea Cellular, has raised Rs 15 billion by way of non-convertible debentures (NCDs) on a private placement basis. This is the first debt the company has […]
The Standing Committee of the South Delhi Municipal Corporation gave its nod for issuing bonds worth Rs 5 billion to raise funds for various projects. The financial instrument will be issued for a period of […]
Tata Power’s wholly owned subsidiary Coastal Gujarat Power Limited has raised Rs 27 billion via the issuance of NCDs on a private placement basis. The NCDs were issued in two series – Series I NCDs […]
Mazagon Dock Shipbuilders has received approval from the Securities and Exchange Board of India (SEBI) to float an initial public offering (IPO). The public sector undertaking had filed draft papers with the markets regulator in […]
CLSA-backed Earth Water Group, a specialised water treatment company, is planning to raise Rs 6.5 billion-Rs 8.5 billion through an IPO. The company is expected to file the draft red herring prospectus soon. Promoters may […]
Singapore state investment firm Temasek Holdings has signed an agreement to invest up to $400 million (Rs 27.5 billion) in the Master Fund of the National Investment and Infrastructure Fund (NIIF). Temasek’s commitment may include […]
Shell Gas B.V., a subsidiary of global energy giant Royal Dutch Shell plc, has entered into an agreement with Total Gaz Electricité Holdings France to acquire the latter’s 26 per cent equity in Hazira LNG […]
The government has given foreign direct investment clearance to Bharti Airtel for the sale of its 20 per cent share in Bharti Telemedia to Warburg Pincus for $350 million. This deal was initially announced in […]
A private equity (PE) venture set up by Tata Power Company Limited and the ICICI Group has won a bid to acquire a majority stake in Prayagraj Power Generation Company Limited, which operates a 1,980 […]
Royal Dutch Shell plc has sold more than half its stake in Mahanagar Gas Limited (MGL). Shell-owned BG Asia Pacific Holding sold 12.5 million shares of the utility on the open market at Rs 851.89 […]
PE firm KKR and Co., Inc. has acquired a 60 per cent stake in environmental solution provider Ramky Enviro Engineers Limited for about $530 million (Rs 36.67 billion). This is the largest buyout by a […]
GMR Airports Limited is in talks to raise around $500 million from special situations fund AION Capital Management Limited to buy out some of the investors in the private airport operator. The proposed investment by […]
The merger between Idea Cellular and Vodafone India has finally been completed, leading to the creation of India’s largest telecom operator – Vodafone Idea Limited. The two operators have played a pivotal role in making […]
Ramky Infrastructure Limited has executed a share purchase agreement with Cube Highways Private Limited for the sale of 100 per cent of the company’s shareholding in NAM Expressway Limited. The equity sale is proposed for […]
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