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Adani Green raises JPY 27,954 million through subsidiary

Adani Green raises JPY 27,954 million through subsidiary

Adani Green Energy Ltd on Thursday said it has raised 27,954 million Japanese Yen (around Rs 1,630 crore) through its subsidiary Adani Solar Energy AP Six to refinance its existing indebtedness. The project loan facility is supported by MUFG Bank and Sumitomo Mitsui Banking Corporation with equal participation, a company statement said. “This is an [...]
Kotak Mahindra Bank arm invests Rs 550 cr in Sanghi Cement maker

Kotak Mahindra Bank arm invests Rs 550 cr in Sanghi Cement maker

A Kotak Mahindra Bank arm on Tuesday announced that it has invested Rs 550 crore in Sanghi Industries Group by subscribing to non-convertible debentures of the cement-making company and its promoter grouping. Kotak Special Situations Fund's infusion will correct Sanghi Industries' capital structure, help the company's liquidity profile, and enhance its operations, according to a [...]
Adani Green raises JPY 27,954 million through subsidiary

Adani Group seeks to expand power distribution in Mumbai with Rs 5,700 crore bet

Betting big on the emerging opportunity amid growing power consumption in the periphery of Mumbai, Adani Group aims to invest Rs 5,700 crore over five years for expanding its electricity distribution in the metropolitan region. The group will build the entire power network ground-up to compete with state-owned Maharashtra Electricity Distribution Company (MSEDCL) in the [...]
Sukoon Healthcare sells majority stake to Lightrock for $15 mn

Sukoon Healthcare sells majority stake to Lightrock for $15 mn

The in-patient psychiatric facility Sukoon Healthcare has secured USD 15 million (about Rs 120 crore) investment from Lightrock India for a majority stake in the hospital. The Gurugram-based hospital in a statement on Wednesday claimed that the investment is the largest in the domestic mental health space so far and will help it create a [...]
Jio gets NCLT approval to acquire Reliance Infratel

Jio gets NCLT approval to acquire Reliance Infratel

The National Company Law Tribunal (NCLT) on Monday gave its approval to Jio for the acquisition of Reliance Infratel (RITL). The tribunal asked Jio to deposit Rs 3,720 crore in the State Bank of India (SBI) escrow account to complete the acquisition of RCOM's tower and fibre assets. On November 6, Jio had proposed to [...]