Vodafone Idea Limited’s (VIL) board of directors has approved the plan to raise Rs 250 billion through fully or partly paid-up equity shares of the company and other convertible securities such as convertible debentures. To […]
Petroliam Nasional Berhad (Petronas) is in talks with I Squared Capital to acquire a majority stake in Amplus Energy Solutions Private Limited. The value of the transaction is expected to be about Rs 27 billion. […]
Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) has sold its stake, held through wholly owned subsidiary CDP Groupe Infrastructures, in Resurgent Power Ventures Pte Limited to the sovereign wealth funds of […]
Bharti Airtel’s subsidiary Airtel Networks Kenya Limited has signed an agreement with Telkom Kenya Limited to merge their mobile, enterprise and carrier services businesses in Kenya and establish a new entity, Airtel-Telkom, with enhanced scale […]
KNR Constructions Limited has entered into a share purchase agreement with Cube Highways and Infrastructure III Private Limited for KNR Tirumala Infra Private Limited and KNR Chidambaram Infra Private Limited, pursuant to which the company […]
The Committee of Creditors has approved the resolution plan submitted by the Jawaharlal Nehru Port Trust (JNPT) to buy Dighi Port Limited (DPL) under the Insolvency and Bankruptcy Code, 2016. JNPT has quoted an upfront […]
Brookfield Asset Management is in early talks with Reliance Jio Info-comm Limited for acquiring controlling shares in the operator’s telecom towers and fibre assets worth Rs 1.07 trillion. Reliance Jio had recently announced plans to […]
Adani Green Energy Limited (AGEL) has acquired Kodangal Solar Parks Private Limited’s (KSPPL) remaining 51 per cent stake in the 20 MW Bagewadi solar power project from FS India Devco Private Limited. With this, KSPPL […]
Although the water supply and waste market is large and fragmented and is served by several private firms, a few major companies have emerged as leading players. Over the past few years, private players in […]
Aditya Birla Asset Reconstruction Company [ARC] Limited has agreed to acquire part of the debt that RattanIndia Power Limited owes its lenders for a 1,350 MW thermal power plant in Amaravati. The deal is part […]
Reliance Communications (RCOM) has decided to file for insolvency as its lenders have received zero proceeds from its proposed asset monetisation plans even after a period of 18 months. The move comes after RCOM’s asset […]
The Uttar Pradesh government, under the state budget 2019-20, has allocated Rs 8 billion for development of the proposed Jewar greenfield airport. As soon as the earmarked funds are transferred to the district administration, construction […]
The Gujarat government signed an MoU with the Airports Authority of India (AAI) for development of the Dholera (Federa) International Airport on January 19, 2019. As per the MoU, Dholera airport will be developed in […]
The central government laid the foundation stone for the Bhogapuram greenfield international airport project (Vizianagaram) on February 14, 2019. The project will be developed at an investment of Rs 42.09 billion on a public-private partnership […]
The central government laid the foundation stone for Phase II of the Chennai airport modernisation project on February 10, 2019. The modernisation works, expected to involve at an investment of Rs 24.67 billion, include enhancement […]
The Andhra Pradesh government inaugurated the Orvakal greenfield airport located in Kurnool district on January 9, 2019. With this development, commercial flight services from the airport are expected to commence by April 2019. The airport […]
Etihad Airways has purchased Jet Airways’ tickets worth $35 million (Rs 2.52 billion) in advance through its loyalty programme Jet Privilege, thereby infusing funds into the ailing airline. The tickets will be offered to Jet […]
The Ministry of Petroleum and Natural Gas launched the third bid round under the Open Acreage Licensing Policy on February 10, 2019. Under this round, 23 blocks, covering an area of over 31,000 square km […]
The central government has amended the model revenue sharing contract for the second round of bidding under the Discovered Small Fields [DSF] Policy. The amendments include termination of contract in case a contractor fails to […]
Under the second round of DSF auctions, a total of 39 firms have submitted bids. These comprise five public sector undertakings (PSUs), 28 private firms and six foreign companies. Of the total 145 bids received, […]
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