Starboard Value has gained a more than 5% stake in Algonquin Power & Utilities, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The activist hedge fund has privately held talks...
Reliance Power makes a higher offer to lenders for Vidarbha Industries
Anil Ambani-promoted Reliance Power has made a revised and improved debt-settlement offer of `1,260 crore to the lenders of its Vidarbha Industries Power subsidiary, said people aware of the development. Reliance Power...
O2 may buy Jakson’s green power assets
EQT- and Temasek-backed O2 Power is in talks with Jakson Group to purchase 120 MW of solar power assets of Jakson Group at an equity value of ₹130 crore, said two people aware of the development. The enterprise value of...
Bunge, Viterra will merge to form $34 billion agri-trading powerhouse
U.S. grains merchant Bunge and Glencore-backed Viterra are merging to create an agricultural trading giant worth about $34 billion including debt, the companies said on Tuesday, in a deal that will likely draw close...
Sarda Energy emerges as top bidder for SKS Power
Sarda Energy & Minerals has emerged as the highest bidder for SKS Power Generation (Chhattisgarh) Limited with a ₹1,800 crore offer that covers 100% of the outstanding dues of the lenders of the company that is...
CPFL, Equatorial eye acquisition of Enel-owned power distributor in Brazil
Equatorial Energia SA and CPFL Energia SA are both considering buying a power distribution firm owned by Italy’s Enel SpA in Brazil, they said on Tuesday, although noting that any potential deal remains distant...
Hydropower mega-merger proposal likely next month
State-owned hydropower company NHPC Ltd is likely to submit a proposal next month to merge two other public sector hydro companies, THDC India Ltd and North Eastern Electric Power Corp. Ltd (Neepco) with itself, said...
Excelra Acquires BISC Global, Creates an International Bioinformatics Powerhouse
Excelra, a leading life science data and digital solutions provider, has acquired BISC Global, a bioinformatics and data analytics consulting company with offices across Europe and the USA. The acquisition creates an...
Reliance Retail, Jindal Power among 49 companies to submit EoIs for Future Retail
Debt-ridden Future Retail Ltd has released a provisional list of eligible prospective resolution applicants, which have submitted their expression of interest to submit a resolution plan. Reliance Retail, WHSmith Travel...
Octopus Energy invests in Japanese solar power developer
Octopus Energy’s generation arm has invested in Japanese solar power developer Yotsuya Capital to develop new solar farms in Japan over the next five years, in its first investment in Asian renewables generation...
Statkraft, first MNC to buy bankrupt Indian power firm
Europe’s largest renewable energy company Statkraft is set to become the first MNC player to buy an Indian power company under the insolvency and bankruptcy code (IBC) process after national company law tribunal (NCLT)...
Adani Group, Reliance Industries pull out of race to acquire SKS Power Generation
Adani Group and Reliance Industries have not submitted revised bids for SKS Power Generation (Chhattisgarh), making it a five-way contest for the 600 MW thermal power project, people familiar with the process said...