Brookfield Asset Management plans to triple its India investments to $100 billion (around INR 8,52,908 crores) in five years, driven by strong growth and demand in infrastructure and clean energy. The firm has already invested $12 billion (around INR 102,390 crores) each in infrastructure and real estate, and $3 billion (around INR 25,599 crores) in clean energy projects. Brookfield sees […]
Warburg Pincus and the Abu Dhabi Investment Authority (ADIA) will invest $877 million (around INR 7,421 crores) in IDFC First Bank. The bank’s board has approved a preferential equity issue of $576 million (around INR 4,876 crores) to Warburg Pincus and $310 million (around INR 2,624 crores) to ADIA, subject to shareholder and regulatory approvals. The funds will strengthen the […]
Patanjali, DS Group To Buy Magma General For Over $500 Mn To Enter Insurance Sector Patanjali Ayurved Ltd and the DS Group have partnered to enter India’s insurance sector by acquiring Magma General Insurance Ltd from Sanoti Properties LLP (owned by Adar Poonawalla) and other shareholders. The acquisition, valued at approximately $517 million (around INR 4500 crores), is pending regulatory […]
NIIF, BII, Eversource to exit Ayana Renewable in $2.3 Bn deal The National Investment and Infrastructure Fund (NIIF), British International Investment (BII), and Eversource Capital have agreed to sell their renewable energy platform, Ayana Renewable Power, to a joint venture between ONGC and NTPC. The acquisition, valued at $2.3 billion (around INR 19,500 crores), includes debt and marks ONGPL’s first […]
Blackstone Inks MOUs To Invest $11 Bn In Maharashtra Over 3-5 Years Blackstone has signed three memoranda of understanding with the Maharashtra government at the World Economic Forum in Davos, committing an investment of approximately $11 billion (around INR 95,247 crores) over the next three to five years to develop infrastructure assets in the state. The agreements, made with Maharashtra […]
Jubilant Bhartia Group To Buy 40% Stake In Coca-Cola’s Indian Bottler Jubilant Bhartia Group has announced its acquisition of a 40% stake in Hindustan Coca-Cola Holdings Pvt Ltd, the parent company of Coca-Cola’s largest bottler in India. The move marks the group’s entry into India’s high-growth beverage sector. The financial terms of the deal have not been disclosed, although media […]
December 2024 – Tax Calendar 7th Dec Due date for deposit of Tax deducted/collected for the month of November, 2024. 15th Dec 3rd instalment of advance tax for the AY 2025-26 15th Dec Due date for issue of TDS Certificate for tax deducted under section 194-IA, 194-IB, 194M & 194S in the month of October, 2024 15th Dec [Extended] Return of […]
Bain Capital Raises $9 Bn for Special Situations Fund Bain Capital, which recently became a shareholder in an Indian auto component and construction equipment manufacturer, has successfully completed fundraising for its latest special situations fund. With this raise, the firm has emerged as one of the largest investors in the special situations space globally. Bain Capital has successfully raised $9 […]
Adani-Owned Ambuja Cements To Acquire Orient Cement Ambuja Cements has announced its agreement to acquire Orient Cement Ltd, a company under the CK Birla Group, for an equity value of $964 million (around INR 8,100 crores). Ambuja will purchase 46.8% of OCL from its current promoters and certain public shareholders, and has also made an open offer to acquire an […]
An infrastructure investment trust (InvIT) established by private equity firm KKR & Co. has secured a government contract for a 252 km segment of highways, emerging as the highest bidder with a bid of $797 million (around INR 6,661 crores). This contract pertains to a section of the Hyderabad-Nagpur corridor in the southern state of Telangana. The concession period for […]