The Japan International Cooperation Agency has committed an official development assistance loan of Rs 25.87 billion for the third phase of the Bengaluru Water Supply and Sewerage Project in Karnataka. The scope of the project […]
The New Development Bank (NDB) has signed a $100 million loan agreement with the Rajasthan government for financing the Rajasthan Water Sector Restructuring Project. This is the first tranche of funds being given by NDB […]
Bharti Airtel has decided to raise about Rs 30 billion through the issue of listed, unsecured, rated, redeemable, non-convertible debentures through private placement. According to the company, the funds will be utilised to finance the […]
The National Highways Authority of India (NHAI) is planning to issue taxable bonds to raise funds worth Rs 30 billion for financing road projects under the Bharatmala Pariyojana. The proposal for the same has been submitted […]
According to reports, Bharat Petro Resources Limited (BPRL) plans to raise about $200 million through a comfort letter from Standard Chartered Bank and DBS Bank to fund the acquisition of a 3 per cent share […]
Infrastructure developer HG Infra Engineering Limited’s initial public offering (IPO) was subscribed by almost five times on the final day, with support from institutions and retail investors and last-minute bids by wealthy investors. The IPO […]
Singapore’s infrastructure conglomerate Sembcorp Industries Limited will list its Indian energy unit, Sembcorp Energy India Limited, and look to mop up an additional S$500 million ($378 million) from the sale of certain assets as a […]
Reliance Power has sought the approval of its shareholders to raise up to Rs 20 billion by issuing securities or shares through qualified institutional placement. The funds raised will be utilised for reducing the debt […]
IDFC Alternatives’ first infrastructure fund has exited its investment in a unit of logistics company JM Baxi Group by selling its holding to promoters. IDFC Alternatives’ India Infrastructure Fund had invested about Rs 2.2 billion […]
The national oil companies (NOCs) of Oman, Kuwait and Abu Dhabi have shown interest in buying a stake of up to 24 per cent in Madhya Pradesh’s Bina refinery. The refinery has a capacity of […]
Idea Cellular has completed the allotment of 326.63 million equity shares to entities of the Aditya Birla Group, at an issue price of Rs 99.50 per share totalling Rs 32.5 billion. Post the preferential allotment, […]
The Competition Commission of India has cleared Reliance Communications’ (RCOM) proposal for the sale of assets to Reliance Jio Infocomm Limited (RJIL). The proposal includes the sale of RCOM’s towers, fibre, spectrum holdings and media […]
The Rural Electrification Corporation (REC) and REC Transmission Projects Company Limited (RECTPCL) have approved the proposal for the sale and transfer of WR-NR Power Transmission Limited, a subsidiary of REC and RECTPCL, to Power Grid […]
Bharti Infratel and Indus Towers are planning to merge their businesses to form a single tower company. The merged entity will have 240,000 towers. Earlier, Bharti Infratel was planning to acquire a controlling stake in […]
Bharti Airtel and Gulf Bridge International (GBI) have entered into a strategic agreement to scale up the capacity of GBI’s India-Middle East-Europe submarine cable system. Under the agreement, Bharti Airtel will acquire the ownership of […]
Air India, which is undergoing the divestment process, has received nine bids with respect to the tender issued for sale of its assets so as raise funds and reduce its debt burden. The airline had […]
The India Grid Trust (IndiGrid), an infrastructure investment trust (InvIT) has acquired three transmission assets worth Rs 14.1 billion from its sponsor, Sterlite Power Grid Ventures Limited (SPGV). The trust has acquired RAPP Transmission Company […]
CLP India Private Limited has reportedly expressed interest in acquiring the transmission business of Essel Infraprojects Limited at a project valuation of around $1 billion. Previously, the Greenko Group had expressed an interest in acquiring […]
Kishangarh Gulabpura Tollway Private Limited, a special purpose vehicle incorporated by IRB Infrastructure Private Limited, has achieved financial closure for Package I of the Kishangarh-Gulabpura highway project. It involves the six-laning of the 90 km […]
Aircel has filed for bankruptcy in the National Company Law Tribunal (NCLT), Mumbai bench. This final resort was taken when the Malaysian-owned Maxis Communications failed to strike any agreement with its lenders and shareholders. It […]
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