KNR Srirangam Infra Private Limited, a wholly owned subsidiary of KNR Constructions Limited, has achieved financial closure for a hybrid annuity model (HAM)-based road project in Tamil Nadu. The project involves four-laning of the Trichy-Kallagam […]
NTPC signed a term loan agreement for Rs 50 billion with SBI on February 11, 2019. The loan facility is extended at an interest rate linked to the three-month marginal cost of funds-based lending rate […]
According to reports, Jet Airways is expected to receive emergency funding of Rs 6 billion ($85 million) in a move to avert a financial crisis. Banks, led by SBI, have planned to provide the funds […]
The Andhra Pradesh Power Finance Corporation (APPFC) is in the process of raising Rs 50 billion through bonds after permission from the state government. APPFC has decided to raise funds by issuing redeemable non-convertible power […]
Oil India Limited has raised debt of $550 million by means of an overseas bond issue. The bond issue carries a 5.12 per cent fixed rate and has a 10-year tenor. The bonds are listed […]
The Ahmedabad Municipal Corporation in Gujarat has raised funds worth Rs 2 billion via municipal bonds for water and solid waste management projects under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT). The bonds […]
Indian Telephone Industries [ITI] Limited has received approval from SEBI to float a follow-on public offer (FPO). This move will help ITI Limited in meeting the minimum 25 per cent public shareholding norm. ITI had […]
The Power Finance Corporation’s (PFC) plan to buy a 52 per cent stake in the Rural Electrification Corporation (REC) has been approved by the Competition Commission of India (CCI). The government is expected to acquire […]
SBI has signed an MoU with cash-strapped Jet Airways to convert its outstanding debt to equity. According to reports, SBI will hold about 15 per cent equity stake in the airline (based on the value […]
Airtel Africa Limited has announced that the Qatar Investment Authority (QIA) will invest $200 million in the company through a primary equity issuance. The proceeds will be used to reduce Airtel Africa’s existing net debt. […]
According to reports, Mauritius-based Bidvest Services, one of the shareholders in Mumbai International Airport Limited, has found a buyer for its 13.5 per cent equity stake in the airport. At present, Bidvest’s shareholdings are being […]
Reliance Industries Limited (RIL), along with its group companies (including Jio Content Distribution and Jio Internet Distribution Holdings) has announced an open offer to acquire an additional 26 per cent stake in Hathway Cable and […]
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 […]
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