Equity Moves

The Ministry of Petroleum and Natural Gas (MoPNG) has approached the cabinet to allow private companies to take a 60 per cent stake in 15 oil and gas producing fields of national oil companies Oil […]

Qatar-based investor Three Pillars Pte Limited has offloaded its 5 per cent stake in Bharti Airtel for about Rs 96 billion. The shares were bought by HDFC Life, ICICI Pru Life Insurance, SBI Life, ICICI […]

Cube Highways and Infrastructure Private Limited, a road platform formed by I Squared Capital and the World Bank’s International Finance Corporation, has signed definitive agreements for a minority stake sale to sovereign wealth fund Abu […]

Delhi-based e-commerce logistics solutions provider Ecom Express Private Limited has raised Rs 1.92 billion ($30 million) from existing investor Warburg Pincus. The funding was made via Warburg Pincus’s Eaglebay Investment unit. This is a part […]

The Ministry of Petroleum and Natural Gas (MoPNG) plans to offer stakes of up to 60 per cent in oil and gas fields owned by state energy companies that are already under production to private […]

IL&FS Transportation Networks Limited (ITNL) will divest a part of its stake in two road projects to Delhi-based Oriental Tollroads Private Limited. ITNL has signed an agreement with Oriental Tollroads for divesting 14.5 per cent […]

The board of Sical Logistics Limited has given in-principle approval to the proposal to initiate the purchase of the 26 per cent stake held by MMTC Limited in Sical Iron Ore Terminals Limited (SIOTL). The […]

The lenders of Essar Power Gujarat Limited (EPGL) have converted 51 per cent shares of the company pledged with them into equity, with the remaining 49 per cent being retained by Essar Power Limited. The […]

Hyderabad-based Pennar Industries Limited has agreed to sell its stake in Pennar Renewables Private Limited to Greenko Solar Energy Private Limited. Though the value of the transaction has not been disclosed, the stake sale will […]

The management of GVK Power and Infrastructure Limited (GVKPIL) has renewed talks with potential investors to divest stakes, either partially or fully, in various subsidiaries to which the company had extended heavy guarantees. GVK hopes […]

Mitsui O.S.K. Lines Limited is likely to acquire an 11 per cent stake in the Pipavav (Jafrabad) LNGTerminal Projectin Gujaratbeing built by Swan LNG Private Limited. The company may also be a technical consultant for […]

Petronas, Malaysia’s state-owned oil and natural gas producer, intends to purchase a stake in Indian Oil Corporation Limited’s under-construction 5million tonnes per year liquefied natural gas (LNG) import terminal at Ennore. The move is in […]

Seaways Shipping and Logistics Limited has bought out the entire 24 per cent stake held by IDFC Private Equity in the company to facilitate the exit of the PE firm. IDFC’s decision to end its […]

China-based firm Transsion Holdings has bought an 80 per cent stake in Spice Mobile as it aims to garner a larger market share in the fiercely competitive Indian mobile handset market. Transsion holds an 80 […]

The Oil and Natural Gas Corporation’s (ONGC) board has given in-principle approval for the firm to acquire the government’s 51.11 per cent stake in Hindustan Petroleum Corporation Limited (HPCL). Prior to the merger, HPCL plans […]

The Indian government has raised Rs 91.36 billion by means of a share sale in NTPC Limited. The sale is a part of the government’s initiative that aims at raising Rs 725 billion through several […]

Sembcorp Industries Limited has agreed to buy private equity (PE) firm IDFC Alternatives’ stake in its Indian renewable energy unit. The company’s wholly owned subsidiary Sembcorp Utilities Private Limited will take complete control of Sembcorp […]

Saudi Arabia-based Aramco is seeking a dialogue with India to buy a stake in the world’s biggest refinery-cum-petrochemical complex that the country plans to build in Maharashtra at a cost of $40 billion. Saudi Aramco […]

Petronet LNG Limited is in talks to acquire a 25 per cent equity stake in the Gujarat State Petroleum Corporation’s (GSPC) Mundra LNG terminal project. GSPC first offered its 50 per cent stake to Indian […]

The Union cabinet has granted in-principle approval to sell the government’s stake in state-owned airline Air India. The government has been exploring ways to privatise the loss-making national carrier, which was bailed out in 2012 […]