Mergers & Acquisitions

NHPC Limited will acquire Lanco Infratech’s 500 MW Teesta hydroelectric project (HEP) in Sikkim, which was under insolvency proceedings, tentatively for a value of Rs 9 billion after emerging as the successful bidder. The takeover […]

Hero Future Energies is likely to acquire solar power assets from Waaree Energies Limited. The value of the transaction is expected to be Rs 5 billion-Rs 5.5 billion. Currently, Waaree Energies has a 100 MW […]

RJIL has decided to create two wholly owned subsidiaries for its fibre and tower businesses. RJIL’s board has approved the demerger. This move will enable the companies to work as separate infrastructure providers, a company […]

KEC International Limited has signed a share purchase agreement with Adani Transmission Limited (ATL) for selling its entire stake in KEC Bikaner Sikar Transmission Private Limited (KBSTPL) at an enterprise value of Rs 2.27 billion. […]

The Petroleum and Natural Gas Regulatory Board has reportedly approved the sale of the East-West Gas Pipeline to Brookfield Asset Management, Inc. East West Pipeline Limited, previously known as Reliance Gas Transportation Infrastructure Limited, built […]

Cube Highways, backed by global private equity fund I Squared Capital and the Abu Dhabi Investment Authority, is likely to buy seven toll road projects with an enterprise value of Rs 200 billion from the […]

The National Investment and Infrastructure Fund (NIIF) has announced the acquisition of IDFC Infrastructure Finance Limited (IDFC-IFL), a non-banking finance company registered with the Reserve Bank of India (RBI) as an infrastructure debt fund. This […]

The Jawaharlal Nehru Port Trust (JNPT) is planning to acquire the Rewas, Vijaydurg and Dighi greenfield ports in order to expand port capacity and pursue port-led industrialisation. The port trust has already submitted bids for […]

Sekura Energy Limited, which is backed by the Edelweiss Infrastructure Yield Plus fund, has agreed to acquire a stake in two operating power transmission assets of Essel Infraprojects Limited, namely, Darbhanga-Motihari Transmission Limited and NRSS […]

Edelweiss asset reconstruction company (ARC) has partnered with US-based alternative investment manager Oaktree Capital and other US investors to buy about 90 per cent of GTL Infrastructure’s loans, from a consortium of lenders, in a […]

The merger between Idea Cellular and Vodafone India has finally been completed, leading to the creation of India’s largest telecom operator – Vodafone Idea Limited. The two operators have played a pivotal role in making […]

Ramky Infrastructure Limited has executed a share purchase agreement with Cube Highways Private Limited for the sale of 100 per cent of the company’s shareholding in NAM Expressway Limited. The equity sale is proposed for […]

The shareholders of Bharti Airtel have given the green signal to the company’s proposed merger with Tata Teleservices Limited (TTSL) during the National Company Law Tribunal (NCLT) proceedings. According to a regulatory filing by Bharti […]

Reliance Communications (RCOM) has completed the sale of its fibre and related infrastructure assets amounting to Rs 30 billion to Reliance Jio Infocomm Limited (RJIL). With the completion of this transaction, RCOM has transferred 178,000 […]

Reliance Infrastructure (RInfra) has completed a Rs 188 billion deal for the sale of its Mumbai energy business to Adani Transmission Limited, to help it pare debt by two-thirds to Rs 75 billion. Though RInfra […]

Reportedly, an infrastructure investment trust (InvIT) sponsored by Brookfield Asset Management, Inc. is in talks to acquire a 1,400 km gas pipeline owned by Pipeline Infrastructure Private Limited (PIPL), a wholly owned subsidiary of Reliance […]

Bharti Infratel has received approval of the Competition Commission of India for its proposed merger with Indus Towers Limited. Earlier, in April 2018, Bharti Airtel, Idea Cellular and the Vodafone Group had announced an agreement […]

REC Transmission Projects Company Limited (RECTPCL) has transferred 100 per cent shares of SPV Ghatampur Transmission Limited to Adani Transmission Limited (ATL). ATL received the letter of intent for the implementation of the project on […]

Coastal Energen has been put up for sale by a consortium of lenders led by the State Bank of India (SBI). The company owns a 1,200 MW coal-based power plant in Tamil Nadu and had […]

Sprng Energy Private Limited, an Indian renewable energy platform set up by British private equity firm Actis, has finalised a deal to buy solar assets from a Shapoorji Pallonji Group company. The deal involves the […]