NTPC Ltd, a State-owned power generation company has planned to acquire a 5% equity stake in Power Exchange of India Ltd (PXIL). It must be noted that government is planning to expand the share of the spot power market in total electricity supply in India to 25 percent by 2023-24. At present the ...

State Bank of India will acquire up to 9.95% stake in India International Clearing Corporation (IFSC) Ltd subject to maximum investment of 34.03cr. The Clearing Corporation acts as a central counterparty providing clearing & settlement and risk management services to India International ...

"Reliance New Energy Solar Ltd (RNESL), a wholly-owned subsidiary of Reliance Industries Ltd (RIL), has announced the acquisition of 100 percent shareholding of REC Solar Holdings AS (REC Group) from China National Bluestar (Group) Co Ltd., for an Enterprise Value of USD 771 ...

Piramal has completed the acquisition of Dewan Housing Finance Limited (DHFL) for Rs 34,250 crore which includes a cash component and non-convertible debentures. This is the first successful resolution of a financial services company under the Insolvency and Bankruptcy Code (IBC). ...

The government will launch the initial public offering (IPO) of ECGC in FY23 to “unlock its true value” and infuse capital of Rs 4,400 crore into the company, which has an 85% share in the country’s export credit insurance market, over the next five years. The government has also approved ...