Tanya Thomas

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 lenders and a ₹8,000 crore capital infusion.

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 country.

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.

Tata Trusts managing trustee R. Venkataramanan resigns

The trustees also named Noel Tata, chairman of Trent Ltd, and Jehangir H.C. Jehangir, as trustees of Sir Ratan Tata Trust.

India’s JSW wins bid for Bhushan Power and Steel

JSW Steel will now pay $6.28 billion in upfront cash to Bhushan Power and Steel’s lenders and infuse ₹350 crore in the steelmaker to revive it.