Equity Moves

The share purchase agreement (SPA) signed by Malaysia Airport Holdings Berhad (MAHB) to sell its entire 11 per cent equity stake in GMR Hyderabad International Airport Limited (GHIAL) to GMR Airport Holding Limited has been […]

The Competition Commission of India (CCI) has approved Renascent Power Ventures’ acquisition of a 75 per cent stake in Prayagraj Power Generation Company Limited (PPGCL). It has approved the acquisition of certain equity shares and […]

The board of Infrastructure Leasing and Financial Services Limited (IL&FS) has initiated the process of exploring the divestment of the IL&FS Group’s equity stake in road assets/businesses. These include seven operating annuity-based road projects aggregating […]

Bharti Airtel’s board has decided to sell 32 per cent of its stake in Bharti Infratel (subject to shareholder approval) to Nettle Infrastructure Investments Limited. After the completion of this transfer, the shareholding structure of […]

The Hindustan Construction Company (HCC) has raised Rs 4.98 billion through a rights issue of its equity shares. The issue was oversubscribed with HCC receiving applications worth Rs 5.51 billion. The company will retain Rs […]

The board of the Oil and Natural Gas Corporation (ONGC) has approved a buyback of 252.9 million shares for Rs 40.22 billion as part of the government’s plan to get cash-rich public sector units to […]

Delta Airlines has evinced interest in buying a 24 per cent stake in Jet Airways which is currently facing a financial crisis. In addition to buying the stake, Delta will also infuse capital into the […]

Reportedly, Petronet LNG and ONGC Videsh Limited (OVL) are jointly considering buying a stake in Tellurian, Inc.’s proposed Driftwood project in Louisiana, USA. Tellurian is offering a 60-75 per cent equity interest in Driftwood Holdings. […]

The Canada Pension Plan Investment Board (CPPIB) is in talks to acquire Goldman Sachs’ stake in ReNew Power Limited. Goldman Sachs is planning to sell around 20 per cent stake through a private sale. Goldman […]

The GVK Group has received bids from three agencies – German airport operator AviAlliance, Australia’s AMP Capital and US-based Global Infrastructure Partners (GIP) – for purchasing part of GVK’s share in Mumbai airport. The GVK […]

Reliance Industries Limited (RIL) is in talks to acquire a controlling stake in GTPL Hathway, a leading multi-system operator (MSO). The move comes after RIL recently acquired a 51.3 per cent stake in Hathway for […]

Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) has invested another $100 million in Azure Power Global Limited, hiking its stake in the renewable energy firm to 40 per cent. The latest […]

Petroliam Nasional Berhad, Masdar Clean Energy and Sembcorp are in talks with Hero Future Energies to acquire an equity stake of up to 30 per cent in the latter. Hero Future Energies is planning to […]

Singapore state investment firm Temasek Holdings has signed an agreement to invest up to $400 million (Rs 27.5 billion) in the Master Fund of the National Investment and Infrastructure Fund (NIIF). Temasek’s commitment may include […]

Shell Gas B.V., a subsidiary of global energy giant Royal Dutch Shell plc, has entered into an agreement with Total Gaz Electricité Holdings France to acquire the latter’s 26 per cent equity in Hazira LNG […]

The government has given foreign direct investment clearance to Bharti Airtel for the sale of its 20 per cent share in Bharti Telemedia to Warburg Pincus for $350 million. This deal was initially announced in […]

A private equity (PE) venture set up by Tata Power Company Limited and the ICICI Group has won a bid to acquire a majority stake in Prayagraj Power Generation Company Limited, which operates a 1,980 […]

Royal Dutch Shell plc has sold more than half its stake in Mahanagar Gas Limited (MGL). Shell-owned BG Asia Pacific Holding sold 12.5 million shares of the utility on the open market at Rs 851.89 […]

PE firm KKR and Co., Inc. has acquired a 60 per cent stake in environmental solution provider Ramky Enviro Engineers Limited for about $530 million (Rs 36.67 billion). This is the largest buyout by a […]

GMR Airports Limited is in talks to raise around $500 million from special situations fund AION Capital Management Limited to buy out some of the investors in the private airport operator. The proposed investment by […]