Tanya Thomas
Stories by Tanya Thomas
India: IndiGrid buys another Sterlite transmission line for $145.7m
The acquisition will be funded by internal accruals, proceeds from the preference issue done in May 2019 and new debt.
India unveils InvIT road map for national highways
The InvIT is part of govt plans to tap alternative funding sources to boost public spending in the roads sector.
Essel Infraprojects close to sale of two road assets to NIIF-Roadis
Essel had previously agreed to sell three of its road projects to CDPQ. But talks fell through last summer.
Cube Highways to take over Reliance Infra toll road for $492m
Reliance Infra said it would use 100% of the sale proceeds to pay off the company’s debt.
Zee Entertainment chairman Subhash Chandra steps down post stake sale
Post the share sale to GIC and Blackrock, the shareholding of Subhash Chandra-controlled holding companies stood at about 5%.
India: Subhash Chandra to sell another 16.5% stake in ZEEL to repay debt
After these transactions, the overall holdings of Essel Group in ZEEL will come down to 5%.
India’s Sterlite Power to sell Brazilian transmission project for $35m
The Arcoverde project was built to increase the flow of renewable energy to the state of Pernambuco in Brazil.
India: Adani, Fairfax, GMR bid for Jewar airport in Greater Noida
The bidding process for NIAL will be run by the Yamuna Expressway Industrial Development Authority.
India: IL&FS raises $115m through sale of wind assets to Japan’s Orix
With this development, ORIX, which previously owned 49% in each of the seven SPVs, now has 100% ownership.
Russia’s VTB in talks to sell 10.71% stake in Zee Entertainment
If the deal goes through, it may threaten promoter Subhash Chandra’s control over the company he founded.
