National Company Law Appellate Tribunal quashed a Hyderabad bench NCLT order that denied permission to the lenders of debt-ridden Raigarh Champa Rail Infrastructure to start a fresh bidding process. This is a relief for...
Adani Power’s proposal to acquire Vidarbha Industries Power’s approved by NCLT
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday approved Adani Power Ltd’s acquisition of Vidarbha Industries Power Ltd. Before the tribunal’s nod, the secured creditors of the company approved...
Gentari plans to offload up to 50% stake in India arm
Gentari, the renewable energy arm of Malaysian national oil & gas company Petronas, is seeking to sell up to a 50% stake in its India unit in what could potentially become one of the largest green energy deals in...
KKR to buy Australia’s Zenith Energy from consortium
Private equity firm KKR said on Tuesday it had agreed to acquire Australian power producer Zenith Energy from a consortium comprising Australia-based Pacific Equity Partners, Canada’s OPSEU Pension Trust and...
British Columbia Investment buys stake in KKR’s Pinnacle Towers
Global investment firm KKR said on Monday that British Columbia Investment Management Corp (BCI) will acquire a minority stake in Pinnacle Towers, an Asia-based digital infrastructure platform with a focus on the...
TenneT in talks with funds to sell up to $13 billion stake in German unit, sources say
State-owned Dutch power grid operator TenneT has kicked off talks with investors about the sale of a minority stake in its German division, four people familiar with the matter said, in what could become one of...
Shell’s plan to sell Sprng Energy stalls amid lukewarm investor interest
Anglo-Dutch oil firm Shell Plc’s plan to sell its Indian renewable energy platform Sprng Energy has hit a roadblock due to tepid responses, said multiple people aware of the matter. Shell’s discussions with...
Power titans in fray for Statkraft’s India unit
Tata Power, Adani Green, KKR-backed Serentica Renewables and Greenko are among 15 suitors vying to acquire Norwegian state-run renewable power producer Statkraft’s India unit, said people familiar with the matter...
Jindal Power, Czech company Sev.en in race to acquire Apraava’s thermal project
Naveen Jindal-owned Jindal Power is competing with Sev.en Global Investments of the Czech Republic to acquire the 1,320-MW Jhajjar thermal power project in Haryana from Apraava Energy (formerly CLP India) as demand for...
ONGC NTPC Green completes acquisition of Ayana for Rs 6,248.50 cr
ONGC NTPC Green Pvt Ltd (ONGPL) has completed the acquisition of 100 per cent equity stake in Ayana Renewable Power for Rs 6,248.50 crore. ONGPL is a 50:50 joint venture of NTPC Green Energy Ltd (NGEL) and ONGC Green...
Adani Energy acquires Mahan Transmission
Adani Energy Solution Ltd, the electricity transmission unit of the billionaire Gautam Adani-run conglomerate, on Thursday announced the acquisition of intra-state transmission project Mahan Transmission Ltd. In a stock...
PTC India divests stake in PTC Energy to ONGC Green
PTC India on Thursday said it has divested its entire stake in PTC Energy to ONGC Green after receiving the remaining Rs 254 crore as part of the deal. Upon receipt of the total consideration of Rs 1,179 crore...
