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GIC-backed Genus Power to take full control of smart meter manufacturer

New Delhi, Jan. 21 -- Smart meter maker Genus Power Infrastructures Ltd will acquire the 86.49% stake it doesn't already own in smaller peer Newlectric Innovation Pvt Ltd for Rs 25.23 crore ($2.7 mill... Read More


Indian Hotels to take control of Brij Hotels in third deal within six months

New Delhi, Jan. 16 -- Indian Hotels Co Ltd (IHCL), the hospitality arm of the Tata Group, has struck a deal to acquire a controlling 51% stake in Brij Hospitality Pvt Ltd, which manages 22 properties,... Read More


PE firm Haveli to acquire majority stake in Peak XV, Tiger Global-backed Sirion

New Delhi, Jan. 9 -- US-based private equity firm Haveli Investments has agreed to acquire a majority stake in Sirion, which develops contract drafting and management software, in a deal that values t... Read More


US private equity firm Haveli to acquire Peak XV, Tiger Global-backed Sirion

New Delhi, Jan. 9 -- Peak XV Partners, Tiger Global-backed Sirion is set to be acquired by a US based private equity firm in a deal that values the company at $1 billion. Sirion, which develops contr... Read More


Quality Power buys power equipment maker for $1.7 mn

New Delhi, Dec. 26 -- NSE-listed high voltage electrical equipment maker Quality Power Electrical Equipments Ltd has acquired a controlling 76% stake in Gandhinagar based Veeral Controls Pvt Ltd for R... Read More


Inox Clean Energy to acquire Macquarie's Vibrant Energy

New Delhi, Dec. 22 -- Indian renewable energy firm Inox Clean Energy has agreed to acquire Australian asset manager Macquarie-owned platform Vibrant Energy. The deal will help Inox Clean Energy, whic... Read More


ReNew Energy's US delisting plan collapses as Masdar pulls out

New Delhi, Dec. 16 -- Abu Dhabi Future Energy Company PJSC, which operates as Masdar, has pulled out of the consortium that had proposed to take Nasdaq-listed Indian green energy company ReNew Energy ... Read More


Shriram Pistons to acquire Spanish firm Grupo Antolin's India arms

New Delhi, Dec. 5 -- Shriram Pistons & Rings Ltd (SPRL) has agreed to acquire the Indian arms of Spanish firm Grupo Antolin at a total enterprise value of €159 million (Rs 1,670 crore or around ... Read More


CDPQ-backed Apraava Energy snags $92 mn for smart meter expansion

New Delhi, Dec. 3 -- Apraava Energy, the Indian joint venture of Hong Kong-based CLP Group and Canadian pension fund CDPQ, said Wednesday it has raised Rs 800.9 crore ($92 million) from the UK governm... Read More


Candi Solar gets IFC backing for India, South Africa expansion

New Delhi, Nov. 28 -- Green energy company Candi Solar, which operates in India and Africa, has raised $58.5 million in debt capital in a round led by International Finance Corporation (IFC), the priv... Read More