Acquisitions and Divestitures News in India

ThomasLloyd Energy Announces Additional SolarArise Investment
6/21/2022 - The Board of ThomasLloyd Energy Impact Trust plc, the renewable energy investment trust providing direct access to sustainable energy infrastructure in fast growing and emerging economies in Asia, is ...
Oilex Announces Cambay PSC Participating Interest Assignment
2/7/2022 - Oilex Ltd (Oilex or the Company) is pleased to announce that the Government of India Ministry of Petroleum and Natural Gas has approved the transfer of assignment of the 55% Participating Interest (PI...
Adani Completes Acquisition of the 5 GW Renewable Portfolio of SB Energy
10/4/2021 - Following the completion of Adani Green Energy’s (AGEL) acquisition of 100% interest in SB Energy India from SoftBank Group Corp (“SBG”) (80%) and Bharti Group (20%) announced on 19th May 2021, TotalE...
Cambay India Update and UK Exploration Licence P2446
9/17/2021 - Cambay India Update
Following the execution of the sale and purchase agreement to purchase the Gujarat State Petroleum Company's 55% participating interest in the Cambay Production Sharing Contra...
Oilex Announces Bhandut Sale Completed
5/28/2021 - Oilex Ltd advises that the sale of its 40% participating interest (PI) in the Bhandut Production Sharing Contract (Bhandut PSC) has now completed following the receipt of US$290,000 from the buyer. A...
Oilex Completes Sale of Participating Interest in Bhandut PSC
4/13/2021 - Oilex has announced that all necessary approvals from the Government of India (GoI) for the sale of its Participating Interest (PI) in the Bhandut PSC have now been completed. Following the approval f...
RJIL Signs Agreement with Bharti Airtel
4/6/2021 - Reliance Jio Infocomm Ltd (“RJIL”) announced that it has entered into a definitive Agreement with Bharti Airtel Limited for acquisition of right to use spectrum in the 800MHz band in Andhra Pradesh, D...
Azure Power Sells Non-core Solar Rooftop Portfolio to Radiance Renewables
4/5/2021 - Azure Power Global Limited, a leading solar power producer in India, announced it has signed a binding agreement to sell its non-core solar rooftop portfolio to Radiance Renewables Pvt. Ltd. (Radiance...
HPCL Acquires Balance 50% Stake in Chhara LNG Terminal
3/30/2021 - Hindustan Petroleum Corporation Limited (HPCL) has acquired the balance 50% equity stake in ‘HPCL Shapoorji Energy Private Limited (HSEPL)’ from M/s S P Ports Pvt Ltd on 30th March 2021. Post-acquisit...
OIL Led Consortium to Bid for Acquiring Stake of BPCL in Numaligarh Refinery
2/18/2021 - Oil India Limited (OIL) in consortium with Engineers India Limited (EIL) has decided to bid for acquiring 61.65% stake of Bharat Petroleum Corporation Limited (BPCL) in Numaligarh Refinery Limited (...
Update Regarding Oilex's Proposal to Acquire Cambay PSC
2/15/2021 - On 9th September 2019, Oilex Ltd (Oilex or the Company) announced it had reached an agreement with Gujarat State Petroleum Corporation (GSPC) pursuant to which GSPC would enter into a sale process for...
Total Acquires 20% Interest in the Largest Solar Developer in the World
1/18/2021 - Total announces the acquisition of a 20% minority interest in Adani Green Energy Limited (AGEL) from Adani Group. ...
Reliance and BP Launch ‘Jio-bp’ Partnership
7/9/2020 - BP and Reliance Industries Limited (RIL) today announced the start of their new Indian fuels and mobility joint venture, Reliance BP Mobility Limited (RBML). Following initial agreements in 2019, bp a...
ONGC Awards 49 Marginal Oil Fields to Seven Firms
5/14/2020 - Oil and Natural Gas Corporation Limited (ONGC) placed Notice of Award (NoA) to seven successful bidders in 13 contract areas comprising of 49 marginal oil and gas fields.

The b...
Sale of Participating Interest in Bhandut
1/28/2020 - Oilex Ltd (the Company or Oilex) is pleased to advise that it has accepted an offer from Kiri and Company Logistics Private Limited (Kiri) to dispose of its 40% participating interest (PI) in the Bha...
10 Years Extension of PSC for Ravva Oil & Gas Field
11/25/2019 - Marubeni Corporation (Marubeni) is pleased to announce that its wholly owned subsidiary, Ravva Oil (Singapore) Pte Ltd together with other Joint Venture partners have agreed with the Government of In...
Keppel Land in JV to Develop Its First Commercial Development in India
10/1/2018 - Keppel Land Limited (Keppel Land), through its subsidiary, Keppel Puravankara Development Pte Ltd (KPDL), a joint venture company with a reputable Indian property developer, Puravankara Limited (Purav...
Total Sells Equity in India’s Hazira Terminal and Signs LNG Sales Agreement with Shell
8/27/2018 - Total has signed a binding Letter of Intent (LOI) with Shell for the sale of its 26% minority equity stake in Hazira LNG regasification terminal in India. The transaction remains subject to the approv...
Reliance Announces Sale of Assets in Eagle Ford Shale in USA
3/27/2018 - Reliance Eagleford Upstream Holding LP (Reliance), a subsidiary of both Reliance Holding USA, Inc., and Reliance Industries Limited, announced the signing of a purchase and sale agreement with Sundanc...
ONGC to Buy GSPC's Stake in Deen Dayal West Block KG-OSN-2001/3
12/24/2016 - Oil and Natural Gas Corporation Ltd. (ONGC) and Gujarat State Petroleum Corporation Ltd. (GSPC) have been engaged in discussions on a potential transaction for purchase by ONGC of GSPC’s stake and ope...

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