TheEssar Group has completed the $13 billion sale of its flagship company Essar Oil to a consortium led by Russian energy major OAO Rosneft. Rosneft, along with Russian private fund United Capital Partners (UCP) and […]
Bharti Airtel has completed the acquisition of Tikona Digital Networks and the latter has now become a whollyowned subsidiary of Bharti Airtel. The acquisition of Tikona gives Bharti Airtel access to the former’s 4G spectrum […]
The deal to take over India’s Essar Oil by Russia’s largest oil producer Rosneft has been completed. The deal, where Rosneft will hold a 49 per cent stake, will allow the Russian company to increase […]
Vodafone India and Idea Cellular have reportedly given formal mandates to investment banks, Morgan Stanley and Bank of America Merrill Lynch, to finalise buyers for the sale of their tower assets. While Vodafone India has […]
Orient Green Power Company Limited (OGPL) is planning to sell its biomass business to its promoter company – Shriram Ventures Limited. The enterprise value of the sale is estimated to be around Rs 2.75 billion. […]
Idea Cellular and Vodafone India are learnt to be in advanced talks with Canada-based asset management firm Brookfield Asset Management to sell their stand-alone telecom tower business in a combined deal. Idea Cellular has around […]
Adani Power has approved the hiving off of its 4,620 MW Mundra power station to its subsidiary, Adani Power Mundra Limited. The sale is for a lump sum amount with no specific values assigned to […]
Reliance Communications (RCOM) has stated that the wireless company to be formed upon its merger with Aircel will be called Aircom. According to RCOM, the merged entity will enjoy substantial benefits of scale and capex […]
The CCI has approved the proposed merger of Bharti Airtel and Telenor India. Earlier, Airtel had received approvals from SEBI, the Bombay Stock Exchange and the National Stock Exchange for its proposed merger with Telenor […]
Australia-based Macquarie Group has agreed to buy 330 MW of operational solar assets from Hindustan Powerprojects Private Limited. The deal has a total value of $660 million. The proposed deal will facilitate the Macquarie Group’s […]
The merger of Cairn India with Vedanta has been completed. The merged entity will have a pro forma market cap of $15.6 billion. The merged company will preserve the “Cairn” brand. For each equity share […]
RCOM has received shareholder approval for the merger of its wireless business with Aircel and Dishnet Wireless. The shareholders have approved (with 99.99 per cent majority) the scheme of arrangement for the demerger of RCOM’s […]
Reliance Infratel Limited, a subsidiary of Reliance Communications (RCOM), has received shareholder approval for the demerger of its tower division into Towercom Infrastructure Private Limited (TIPL). According to RCOM, shareholder approval came in with a […]
Coimbatore-based Leap Green Energy has entered into a definitive agreement to acquire the entire wind power operational capacity of Inox Renewables. The deal is subject to certain conditions and is likely to be completed over […]
Bharti Airtel has completed the acquisition of Augere Wireless Broadband India. In August 2016, Airtel had signed a definitive agreement to acquire a 100 per cent equity stake in the company. The deal size is […]
Bharti Airtel has signed a definitive agreement with Telenor South Asia Investments Pte Limited to acquire Telenor India. Under the agreement, Bharti Airtel and Telenor India will merge and Airtel will take over Telenor India’s […]
Norway-based Telenor Group has approached Aircel and Reliance Communications (RCOM) to explore a merger possibility through a share swap. Telenor has reportedly expressed its willingness to combine its business, customer base and spectrum with the […]
US-based software technology company Nuance Communications has acquired Noida-based mobile value-added services (VAS) provider mCarbon Tech Innovations for $36 million in a cash and stock transaction. mCarbon provides core network VAS and innovative customer value […]
The American Tower Corporation is reportedly planning to buy Idea Cellular’s telecom towers for an enterprise value of Rs 45 billion. Earlier, Idea Cellular was said to be in discussions with Bharti Infratel and private […]
TRIL, a fully owned subsidiary of Tata Sons, has purchased the two-lane 18.4 km Durg Bypass road project in Chhattisgarh for about Rs 8 billion. TRIL acquired the toll road by taking a 51.6 per […]
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