The National Investment and Infrastructure Fund (NIIF) and its joint venture partner Roadis are close to buying two road projects from Essel Infraprojects, wholly owned by Subhash Chandra’s debt-laden Essel group, in a...
Adani Green may buy rest of Essel’s 480-MW solar assets
After selling 205 megawatt (MW) of its operational solar energy portfolio to the Adani Group, the Essel Group has reached an agreement to sell the remaining 480 MW — currently under construction — to Adani Green Energy...
Essel Group repays mutual funds after promoter stake sale
HDFC Mutual Fund, ICICI Prudential MF and Aditya Birla SL Mutual Fund have received payments from the Essel group after the promoters sold stake in Zee Entertainment Enterprises (ZEE) to repay lenders. The recovery is...
German city Duesseldorf sells stake in RWE
The German city of Duesseldorf has sold its stake in utility RWE for 155.4 million euros ($171.28 million), it said on Wednesday. Duesseldorf said it made a profit of 53.3 million euros on the sale of 5.571 million...
CCI okays Essel MF acquisition by Sachin Bansal’s BAC under ‘green channel’
The Competition Commission of India (CCI) has given its approval under the ‘green channel’ route to acquisition of Essel Mutual Fund by a Sachin Bansal-owned entity. This is the first clearance under the...
Adani Green to buy Essel’s solar assets
Essel Group will sell 205 megawatt (MW) of its operational solar energy assets to Adani Green Energy Ltd at an enterprise value of ₹1,300 crore, the two companies said. An Essel Group statement said the assets are in...
Essel said in talks to sell toll roads to National Investment & Infrastructure Fund
Indian tycoon Subhash Chandra’s Essel Group is in advanced talks to sell some toll road projects to an arm of the country’s sovereign wealth fund for about $350 million, according to people familiar with the matter. The...
Essel group’s plan to acquire 62% stake in LKP Finance dealt a blow
Essel group’s plan to acquire 62 per cent stake in LKP Finance has been dealt a blow following the change in liquidity position, said people in the know. They said that Essel has made payment for the 24 per cent it...
Essel Infra to sell solar assets to Adani Group for up to ₹2,000 crore
Essel Infraprojects Ltd, a part of the Subhash Chandra-led debt-laden Essel Group, has agreed to sell about 310 megawatts (MW) of solar energy assets to the Adani Group at a valuation of ₹1,800-2,000 crore, said two...
Essel Infra sells two power assets to Edelweiss arm
The Subhash Chandra-led Essel group has sold the two transmission assets owned by Essel Infraprojects, Darbhanga-Motihari Transmission Ltd and NRSS XXXI (B) Transmission Ltd, to a fund managed by Edelweiss, said two...
Essel Group to sell 3 road assets to CDPQ
Essel Infraprojects Ltd has agreed to sell three of its road projects to Caisse de dépôt et placement du Québec (CDPQ), Canada’s second-largest fund manager, said two people aware of the development, as the Subhash...
Zee stake sale at advanced stage, progressing steadily: Essel Group
Essel Group said Tuesday the stake sale process of Zee Entertainment Enterprises is at an advanced stage. “The stake sale process of Zee Entertainment Enterprises Ltd undertaken by Essel Group, is in steady...