Equity Moves

Sagarmala Development Company Limited (SDCL) has decided to infuse Rs 1.25 billion in SPV Krishnapatnam Railway Company Limited (KRCL), formed to provide rail connectivity between Krishnapatnam port and Obulavaripalle in Andhra Pradesh. The total cost […]

Temasek Holdings Private Limited, a Singapore-based investment firm, has increased its stake in Adani Ports and Special Economic Zone Limited (APSEZL) from 1 per cent to 2.3 per cent by acquiring 27.05 million shares. The […]

APSEZL has agreed to pick up a 97 per cent stake in Marine Infrastructure Developer Private Limited, which operates Kattupalli port, from Larsen & Toubro (L&T). The transaction has received the relevant government and regulatory […]

Russia-based Sistema has sold its 10 per cent stake in Reliance Communications (RCOM) after having lost about $4 billion on its investments. Earlier, in October 2017, Sistema had sold its Indian mobile telephony business, Sistema […]

The Rise Fund, a global impact fund led by TPG Growth, has invested Rs 4.75 billion ($70 million) in Fourth Partner Energy, a renewable energy services company that is involved in the development and financing […]

Private equity (PE) player KKR is set to acquire a 60 per cent stake in Hyderabad-based waste management company Ramky Enviro Engineers Limited for around $600 million (Rs 40 billion). Ramky’s promoters and its existing […]

In one of the largest rounds of funding in the renewable energy segment, GIC Holdings Pte Limited and the Abu Dhabi Investment Authority (ADIA) will invest a combined $450 million (Rs 30 billion) of equity […]

The board of directors of container logistics firm Gateway Distriparks has approved the acquisition of the entire shareholding held by Blackstone in compulsorily convertible preference shares and equity shares in Gateway Rail Freight for a […]

Reportedly, Abu Dhabi National Oil Company (ADNOC) will pick up a stake in the $44 billion refinery-cum-petrochemical project planned in Ratnagiri district of Maharashtra. Saudi Aramco had, in April 2018, signed an agreement to take […]

The board of Sical Logistics Limited (SLL) has granted in-principle approval to the acquisition of the 11 per cent equity stake held by L&T Infrastructure Development Projects Limited (L&T IDPL) in Sical Iron Ore Terminal […]

Kuwait Petroleum International is reportedly in talks to buy a 24 per cent stake in the Bina joint venture (JV) refinery in Madhya Pradesh. The Bina refinery is operated by Bharat Oman Refineries Limited (BORL), […]

The Aditya Birla Group is planning to sell a minority stake of 15-20 per cent in Idea Payments Bank in order to raise about Rs 2 billion. The payments bank, in which Idea Cellular and […]

US-based PE firm Global Infrastructure Partners (GIP) has struck a rare secondaries deal in India to buy the entire infrastructure portfolio of IDFC Alternatives, a local multi-asset PE firm. IDFC Alternatives manages two infrastructure funds, […]

Bharti Airtel is planning to sell a stake in Bharti Telemedia, its direct-to-home arm, in a bid to raise funds. It has received board approval for the transfer of 19 per cent stake in Bharti […]

Hindustan Infralog Private Limited (HIPL), a joint venture (JV) between DP World and the National Investment and Infrastructure Fund (NIIF), has announced the acquisition of a 90 per cent stake in Continental Warehousing Corporation (Nhava […]

Asia-focused private equity (PE) firm ADV Partners has invested $105 million (Rs 6.85 billion) in infrastructure services provider Feedback Infra Private Limited. The deal, which was a combination of debt and equity, also involved a […]

Fairfax India Holdings Corporation is expected to buy an additional 6 per cent stake in Bangalore International Airport Limited (BIAL) from Siemens Project Ventures GmbH for about $67 million. The deal is expected to be […]

Sistema Shyam TeleServices Limited (SSTL), the Indian telecom arm of Russia-based Sistema, has sold a little over 2 per cent of its equity holding in Reliance Communications (RCOM) in the open market. Post this, its […]

IDFC Alternatives’ first infrastructure fund has exited its investment in a unit of logistics company JM Baxi Group by selling its holding to promoters. IDFC Alternatives’ India Infrastructure Fund had invested about Rs 2.2 billion […]

The national oil companies (NOCs) of Oman, Kuwait and Abu Dhabi have shown interest in buying a stake of up to 24 per cent in Madhya Pradesh’s Bina refinery. The refinery has a capacity of […]