Sadbhav Vizag Port Road Private Limited (SVPRPL), a wholly owned subsidiary of Sadbhav Infrastructure Project Limited, has submitted draft financing documents to the National Highways Authority of India (NHAI) for its road project in Andhra […]
The Rural Electrification Corporation (REC) has raised about Rs 11 billion from its AAA-rated bonds carrying a two-year seven-month maturity at 8.5 per cent interest per annum. The higher rate is due to a combination […]
Delhi International Airport Limited (DIAL), a GMR Group company, is planning to raise funds amounting to $350 million through a 10-year senior secured bond facility. The proceeds from the loan will be used to fund […]
The Securities and Exchange Board of India (SEBI) has notified amendments to the regulations governing infrastructure investment trusts (InvITs) and real estate investment trusts (REITs). The key changes include reduction of the minimum subscription from […]
Global investment firm Kohlberg Kravis Roberts & Company (KKR) is likely to acquire up to 74 per cent stake in Sterlite Investment Managers Limited as well as purchase a sizeable portion of units in its […]
Piramal Enterprises Limited and the Canada Pension Plan Investment Board (CPPIB) have signed an initial pact to co-sponsor a renewable energy-focused InvIT. The InvIT will have an initial corpus of $600 million (Rs 41.6 billion) […]
Sterling and Wilson, a solar engineering, procurement and construction firm promoted by Shapoorji Pallonji, has filed draft papers with SEBI to raise about Rs 45 billion through an initial public offer (IPO). The IPO will […]
The government is planning to raise around Rs 15 billion by September 2019 by launching IPOs of the Indian Railway Catering and Tourism Corporation (IRCTC) and the Indian Railway Finance Corporation (IRFC). While IRCTC’s IPO […]
The promoters of Vodafone Idea Limited, which include UK-based Vodafone Group and India’s Aditya Birla Group, have infused Rs 179.2 billion into the company through a rights issue. This amounts to about Rs 0.9 billion […]
Vodafone Group Plc and Bharti Airtel are in talks with a consortium led by private equity (PE) firm KKR to reduce their stakes by more than half in the company that will be created by […]
CleanMax Solar has raised Rs 2.75 billion ($39.4 million) in equity funding from UK Climate Investments LLP. This is the third institutional investor to support the company’s growth ambitions. Earlier, in 2017, it secured equity […]
Brookfield Asset Management is in talks to acquire a majority stake in Mytrah Energy (India) Private Limited’s renewable projects. The value of the transaction is expected to be between Rs 69.57 billion and Rs 104.35 […]
PE firm Apis Partners LLP has agreed to invest up to $110 million (about Rs 7.7 billion) in L&T Infra Debt Fund Limited (L&T IDF), a non-banking financing unit of Larsen & Toubro Limited. The […]
Tata Teleservices Limited (TTSL) has sought the Department of Telecommunications’ (DoT) approval to sell the remaining stake in its tower firm to American Tower Corporation (ATC), for approximately Rs 25 billion. With this, ATC’s stake […]
Stellar Value Chain Solutions Private Limited has signed a pact to buy the surface transport business of Patel Integrated Logistics Limited. Stellar will buy Patel Roadways for Rs 385 million ($5.5 million), subject to customary […]
All stakeholders of Ghaziabad Aligarh Expressway Private Limited (GAEPL) – PNC Infratech Limited, Galfar Engineering and Contracting SAOG and Bharat Road Network Limited (BRNL) – have executed share purchase agreements (SPAs) with Cube Highways and […]
IL&FS Transportation Networks [ITNL] International Private Limited, a subsidiary of Infrastructure Leasing and Financial Services Limited (IL&FS) has commenced the process of selling its 49 per cent stake in a Chinese road asset, as IL&FS […]
Bharti Airtel and Hughes Communications India Limited (HCIL) have entered into an agreement to merge their very small aperture terminal (VSAT) satellite communication operations in India. As per the agreement, HCIL will have majority ownership […]
The Oil and Natural Gas Corporation (ONGC) has ruled out a share swap deal for the planned acquisition of Mangalore Refinery and Petrochemicals Limited (MRPL) by Hindustan Petroleum Corporation Limited (HPCL). ONGC prefers an all-cash […]
Malaysia’s Petroliam Nasional Berhad (Petronas) has acquired Amplus Energy Solutions Private Limited, one of India’s largest rooftop solar power producers. The Rs 27 billion deal marks Petronas’s foray into the global clean energy space. I […]
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