Tanya Thomas
Stories by Tanya Thomas
India: I-Squared-backed Cube Highways buys 39% stake in toll road from BRNL
A Press Trust of India report said that the toll road has an enterprise valuation of ₹1,830 crore, which includes debt of ₹1,500 crore.
In first sale since crisis, India’s IL&FS to divest wind assets to GAIL for $688m
Significantly, GAIL’s offer implies that the accumulated debt of ₹3,700 crore on the wind power SPVs will be fully repaid.
NIIF, Roadis to jointly invest $2b in road projects in India
The pair will target toll-operate-transfer models, acquisition of existing road concessions and investment opportunities in the road sector.
Solo bid from JSW Steel prompts ACCIL lenders to extend deadline
Sajjan Jindal-led JSW is the only company to have submitted a resolution plan for ACCIL.
India: NCLT approves ArcelorMittal’s takeover bid for debt-laden Essar Steel
ArcelorMittal, in a joint venture with Japan’s Nippon Steel & Sumitomo Metal Corp., has offered an upfront cash settlement of ₹42,000 crore to len
Investors see opportunities in stressed assets and roads in India
India’s infrastructure sector has come a long way in the last decade in terms of efficient deployment of capital and technology.
India: JSW Steel will have to go solo for Bhushan Power acquisition
JSW Steel Ltd will not be able to seek an equity partner in the initial stage of its acquisition of bankrupt Bhushan Power and Steel Ltd.
Adani Enterprises wins rights to operate five Indian airports
With the successful bids, Adani Enterprises has broken the duopoly of the GVK and GMR groups as the largest private sector airport operators in the co
PE firm Actis drops plan to buy Essel Infra’s solar assets in India
Subhash Chandra-promoted Essel Infra has now initiated talks with ACME Solar Holdings Ltd to sell the same solar energy assets.
Adani, GMR bid for six Indian non-metro airports up for privatisation
Rating agency Crisil had said that it expects the development of these six airports to attract potential investments worth $1.4 billion.
