Edelweiss to acquire two road assets from Navayuga Group

June 2019

Edelweiss Infrastructure Yield Plus Fund (EIYPF) will acquire two road assets from the Navayuga Group for $150 million. Both the road assets under consideration are located in Assam. These were developed through the build-operate-transfer (BOT) […]

NCLT approves Bharti Infratel-Indus Towers merger

June 2019

The Chandigarh bench of the NCLT has approved the merger of Indus Towers with Bharti Infratel, forming one of the biggest telecom tower companies worldwide. The pan-India company, which will operate over 163,000 telecom towers […]

Macquarie to exit from Ashoka Concessions Limited

June 2019

Macquarie Infrastructure and Real Assets (MIRA) plans to exit the roads platform, Ashoka Concessions Limited. Macquarie, an Australian company, had acquired a 34 per cent stake in the platform in 2012, for Rs 8 billion. […]

ONGC rejects share-swap deal for HPCL-MRPL merger

May 2019

The Oil and Natural Gas Corporation (ONGC) has ruled out a share swap deal for the planned acquisition of Mangalore Refinery and Petrochemicals Limited (MRPL) by Hindustan Petroleum Corporation Limited (HPCL). ONGC prefers an all-cash […]

Essel Infra sells two power assets to Edelweiss arm

May 2019

The Essel Group has sold the two transmission assets owned by Essel Infraprojects, Darbhanga-Motihari Transmission Limited and NRSS XXXI (B) Transmission Limited, to a fund managed by Edelweiss. Essel had entered into an agreement to […]

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