Equity Moves

Indian Oil Corporation Limited (IOCL), Oil India Limited (OIL) and Bharat Petro Resources Limited (BPRL) are together looking to raise $2 billion in debt to fund their stake purchase in two Russian fields, Vankorneft and […]

Infrastructure Leasing and Financial Services (IL&FS) has transferred its equity stake in Noida Toll Bridge Company Limited. The stake transfer comprises 1.9 million equity shares of Rs 10 each representing a share of 1.02 per […]

IL&FS Transportation Networks Limited (ITNL) has signed a definitive agreement with MAIF Investments India Private Limited for the sale of 8,313,800 equity shares of Rs 10 each held in Gujarat Road and Infrastructure Company Limited […]

RBI has allowed foreign investors to raise their holdings in Bharat Petroleum Corporation Limited (BPCL) to up to 49 per cent. Foreign institutional investors and registered foreign portfolio investors can now invest in up to […]

Greenko Energy Holdings has signed definitive agreements for the infusion of primary equity to the tune of $230 million – $80 million from an affiliate, GIC Singapore (which had acquired a majority stake in Greenko […]

The Madhucon Group has completed the strategic sale of its majority stake (74 per cent) in Madhucon Agra-Jaipur Expressways Limited to Cube Highways and Infrastructure Private Limited. In October 2015, Madhucon had entered into an […]

The Tata Group has decided to defer the share conversion option in Tata Teleservices Limited (TTSL) by a year, after the group and its equity partner NTT DOCOMO failed to arrive at a mutually agreeable […]

The Zurich Airport Authority signed an agreement on April 18, 2016 for the sale of its 5 per cent equity stake in Bangalore International Airport Limited (BIAL) to Fairfax India Holdings for a sum of […]

The central government gave its approval on April 27, 2016 to Bharat Petroleum Corporation Limited (BPCL) to enhance its equity contribution in Bharat Oman Refineries Limited (BORL) for developing the Bina refinery expansion project. The […]

Tata Power Company Limited is in advanced stages of discussions to acquire the renewable energy assets of the Welspun Group.  Welspun has operational solar and wind assets aggregating 1,152 MW of capacity as well as […]

JSW Energy has entered into a definitive agreement with Jindal Steel and Power Limited (JSPL) to acquire the latter’s 1,000 MW Raigarh coal-based power plant in Chhattisgarh. As per the agreement, the cost of the […]

Idea Cellular has announced that it will transfer the 7,997 telecom towers that it owns and operates across the country to its subsidiary, Idea Cellular Infrastructure Services Limited (ICISL). ICISL currently offers tower infrastructure services […]

Motilal Oswal Private Equity Advisors Private Limited, the private equity (PE) arm of Motilal Oswal Financial Services Limited, has acquired a 4.1 per cent stake in the Indian Energy Exchange (IEX) from Jindal Power Limited […]

GVK Power and Infrastructure Limited will sell 33 per cent equity stake in Bangalore International Airport Limited (BIAL) to the Fairfax India Holdings Corporation and Fairfax Financial Holdings Limited for an aggregate of Rs 21.49 […]

Vodafone is said to be in talks with the Piramal Group and HDFC Bank to sell around 49 per cent stake in its payments bank. The move implies that the operator is planning to sell […]

IDFC Private Equity (IDFC PE) is offloading an undisclosed portion of its stake in Star AgriWarehousing & Collateral Management (SACM) to the Singapore government’s investment company Temasek Holdings for a consideration of Rs 750 million, […]

Indian Bank has taken over the 52.46 per cent equity stake owned by Marg Limited in Karaikal Port Private Limited (KPPL). KPPL is a special purpose vehicle (SPV) incorporated for the implementation and operation of Karaikal port. […]

GoAir is planning a Rs 10 billion IPO in 2016-17, after it has clarity on the delivery of its new Airbus aircraft. The airline had earlier planned an IPO in 2015-16. However, uncertainty over the […]

The Ministry of Power has issued a directive to financial institutions under its control (the Rural Electrification Corporation and Power Finance Corporation) to buy a stake in NHPC Limited.  This is to bring the government […]

The Abu Dhabi Investment Authority, a sovereign wealth fund, has expressed interest in taking up 50 highway projects on a toll-operate-transfer basis in India. Under this model, roads that have already been built by the […]