KalpanaPathak
Stories by KalpanaPathak
India: PE-backed Invenire Energy may acquire Tata’s oil and gas business
Invenire Energy is backed by a consortium of private equity firms for the potential deal.
Indian Oil, others seek out startups to enhance fuel efficiency
Last October, 10 oil companies formed a Rs320 crore ($45.18 million) fund to support 30 startups in various sectors including fuel and waste.
Indian Oil seeks nod to raise $2.85b through private placement of debentures
Indian Oil plans to invest Rs1.43 trillion in the next five years to expand projects across its business segments.
Reliance Jio raises $214m via private placement of NCDs
Reliance Jio will use the proceeds to expand its operations in the GigaFiber segment.
Dilip Shanghvi-led Sun Petrochemicals joins race to buy Assam Oil Company
The bid is a package deal which includes a tea garden, the Amguri oil field and a hydrocarbon and SEZ asset held by ACIL.
Rosneft-backed Nayara Energy raises $350m via debentures
The proceeds of the issue will be utilized mainly towards working capital requirements and refinancing of existing debt.
India: Essar Oil may sell 30% stake in its flagship CBM block
Last August, Essar Oil completed the $12.9 billion sale of its refining and distribution business to a consortium led by Russia’s Rosneft PJSC.
Reliance to sell entire 70% stake in Cambay Basin to Sun Petrochemicals
Reliance has a 70% participating interest in the oil and gas block while BP India holds the balance 30%.
Tendulkar-backed Smaaash Entertainment looks to raise $73m in IPO
Smaaash will use the cash proceeds to fund its inorganic growth initiatives, repay part of its debt and for its working capital requirements.
India: Warburg-backed CleanMax Solar plans to raise $100m
The firm is expanding in the Middle Eastern and South-East Asian markets (Thailand and Vietnam).
