Mergers & Acquisitions

Reliance Communications (RCOM) has entered into a binding share purchase agreement with Pantel Technologies and Veecon Media and Television Limited for the sale of its direct to home (DTH) company, Reliance BIG TV Limited (RBTV). […]

NTPC Limited has floated a tender to acquire stressed thermal assets across the country. As per the tender, only those coal-based power plants will be acquired which have been commissioned after April 1, 2014 and […]

Reliance Marcellus II LLC, a subsidiary of Reliance Holding USA, Inc. and Reliance Industries Limited (RIL), has completed the sale of one of its three upstream shale gas assets in the US to BKV Chelsea, […]

Vodafone India and Idea Cellular have separately agreed to sell their respective stand-alone tower businesses in India to American Tower Corporation Telecom Infrastructure Private Limited (ATC TIPL) for an aggregate enterprise value of $1.2 billion. […]

Hero Future Energies (HFE) is in discussions with Bhilwara Energy Limited (BEL) to acquire the latter’s wind energy assets. HFE will acquire 83.5 MW of wind projects from BEL’s total portfolio of 103.5 MW – […]

Gayatri Projects Limited has decided to spin off its seven toll road assets into a separate company which will be called Gayatri Highways. The new entity will be listed on the stock exchanges before the […]

A consortium led by US fund Global Infrastructure Partners (GIP) has agreed to buy Singapore-headquartered renewable energy company Equis Energy for a record $5 billion, including debt. Becoming the largest deal in the clean energy […]

The American Tower Corporation (ATC) plans to buy approximately 20,000 stand-alone towers of Vodafone India and Idea Cellular in an all-cash deal valued at just over $1 billion. Vodafone India and Idea Cellular have decided […]

Adani Transmission Limited (ATL) has acquired the operational transmission assets of Reliance Infrastructure Limited’s (RInfra) Western Region System Strengthening Schemes for Rs 10 billion. RInfra will utilise the proceeds from the asset sale for debt […]

RCOM has completed the Sistema Shyam TeleServices (SSTL) merger transaction, upon attaining approvals from all relevant regulators and courts. RCOM’s board of directors took on record the demerger of SSTL’s telecom business in India, run […]

Brookfield Infrastructure has called off its deal worth $200 million with RCOM since the deal was dependent on RCOM’s merger with Aircel, which was called off in October . According to Brookfield, the merger will […]

Road developers KMC Infrastructure Limited and BSCPL Infrastructure Limited have sold two toll road projects to Canadian alternative asset manager Brookfield Asset Management in a Rs 19 billion (close to $300 million) deal. The transaction […]

The Union cabinet has approved a proposal to hive off Bharat Sanchar Nigam Limited’s (BSNL) mobile tower assets into a new unit, which will be wholly owned by the operator. Currently, BSNL owns 66,000 of […]

Adani Power Limited’s shareholders have approved the proposal to hive off its flagship 4,620 MW Mundra power station to its subsidiary, Adani Power (Mundra) Limited. The resolution was passed by the equity shareholders of the […]

Adani Enterprises Limited (AEL) has announced the demerger of its renewable energy business into an associate company, Adani Green Energy Limited (AGEL), in an attempt to simplify the overall business structure of the company. AGEL […]

The India Grid Trust has approved the acquisition of three power transmission assets comprising five transmission lines from Sterlite Power Grid Ventures Limited, the sponsor of the InvIT. The India Grid Trust will acquire the […]

Bharti Airtel will merge its operations with the Tata Group’s consumer mobile business, Tata Teleservices Limited (TTSL). Under the agreement, Bharti Airtel will take control of TTSL’s operations across the country in 19 circles. The […]

Reliance Communications (RCOM) has called off its merger with Aircel citing inordinate delays caused by legal and regulatory uncertainties, various interventions by vested interests, policy directives impacting bank financing for telecom, and changed industry dynamics. […]

The GMR Group is in advanced talks to sell its 220 MWgas-based power plant in Kakinada for $63 million. Though the plant has been operational since November 2001, it has not been generating energy since […]

Dilip Buildcon Limited (DBL) has signed an agreement with the Chhatwal Group Trust (Shrem Group) to sell 24 of its road assets. These include 14 operational projects and 10 under construction projects, for which DBL […]