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InvITs industry pushes for easier M&A rules to boost investor interestIndia's InvITs sector, managing ₹7 lakh crore in assets, is urging regulators for simpler M&A rules. Industry leaders want change of contro...
Actis' Athena Renewable Energy draws SEIT, IndiGrid, Anzen InvIT bidsThe interested bidders include SEIT, the energy InvIT sponsored by Mahindra Susten; IndiGrid, backed by KKR; and Anzen InvIT, sponsored by ...
Actis puts on block Indian green energy unit AthenaUK-based Actis is reportedly looking to exit its Indian renewable energy platform, Athena Renewable Energy, for an enterprise value of arou...
IFC may plug $250M into ReNew’s C&I arm, valuing it at $800 millionIFC, part of the World Bank Group, is in talks to invest $250 million for a 30% stake in ReNew Power’s commercial and industrial energy uni...
KKR raises $6.4 billion for Asia Pacific infrastructure fundKKR first established its global infrastructure team and strategy in 2008 and the Firm manages approximately $56 billion in assets under ma...
Singapore's GIC ties up Vedanta Group company Sterlite Transmission for $1 bn joint ventureGIC will be deploying $500 million in the infrastructure business for a 49% stake. The investment will take place in tranches, with an init...
Global pension funds in fray for Mahindra Susten InvIT stakeThe IPP solar portfolio, located in five key states in India, is backed by long-term power purchase agreements-about 75% of assets with cen...
Stocks in the news: Sula Vineyards, RIL, Adani Enterprises, Bandhan Bank and Adani PowerSula Vineyards, India's largest wine producer, will make its debut on the bourses on Thursday. The company had raised a little more than Rs...
Azure Power CEO quits, stock sinks 41% on the NYSEThe resignation comes at a time when closing of the company's accounts for FY22 has not been completed. In its statement to the SEC, Azure ...
KKR looks to invest $400 million in Hero Future EnergiesThe final rounds of negotiations are ongoing before a formal announcement, which is expected in a few weeks. The investment is for a signif...
IndiGrid Mar qtr net jumps 45 pc to Rs 99.80 crThe Board of the Investment Manager (of IndiGrid) also approved a Distribution Per Unit (DPU) of Rs 3.19 for Q4 FY22 ( January-March quarte...
Haven't taken money off the table, shifted it to REITs: Ajay Srivastava“It is not that we have taken money off the market but we have certainly shifted it to lots to REITs in the last month or so.”
India Grid InvIT NCD to list on bourses on MondayIndia Grid InvIT NCD investors will earn 6.75% annually for the three-year option, 7.6% for the five-year option, 7.9% for the seven-year o...
IndiGrid InvIT hits public bond sale, gets double subscriptionsA large Mumbai-based infrastructure conglomerate and a private life insurance company attached to a “salt-to-steel” group bid to own those ...
Stocks in the news: Vodafone Idea, ICICI Bank, RIL, Petronet LNG, NTPC, BPCL and SobhaCan Fin Homes, Petronet LNG, Suven Pharma and Sical Logistics are scheduled to report their quarterly results today.
Private equity firm KKR withdraws intention to sponsor India Grid TrustAccording to the deal terms, KKR affiliate Esoteric II Pte got 23% units of the trust with an option to buy a further 15% by July 15 this y...
IndiGrid to Buy Kalpataru Power JV Asset for Rs 310 croreIndiGrid aims to scale up its power transmission assets under management (AUM) to Rs 30,000 crore by 2022 and has plans to diversify into t...
IndiGrid Q4 results: Net profit doubles to Rs 99.7 croreRevenues for the quarter increased to Rs 328.4 crore from Rs 170.5 crore in Q4 FY2019.
IndiGrid to acquire Rs 1,020 cr-transmission project from Sterlite PowerIndiGrid, the infrastructure investment trust backed by KKR, will acquire the acquisition of East North Interconnection Company for Rs 1,02...
Tatas in talks with GIC to sell roads businessA Tata Realty and Infrastructure subsidiary owns the four NHAI toll road projects that are on offer as group looks to exit the business.