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JSW Energy Acquires 1,753 MW Green Assets Of Mytrah Energy (India) For Over Rs 10,000 Crore:

JSW Energy on Wednesday said it has completed the acquisition of 1,753 MW of renewable energy assets from Mytrah Energy (India) Pvt. for over Rs 10,000 crore. "The transaction values the Mytrah Energy portfolio at an enterprise valuation of approximately Rs 10,150 crore after adjusting for net current assets and other adjustments under the share purchase agreements," JSW Energy said in a statement. JSW Neo Energy Ltd., a wholly-owned subsidiary of JSW Energy Ltd., in a two-step process has completed the acquisition of 1,753 MW of renewable energy assets from Mytrah Energy, it said. The portfolio comprises 1,331 MW of wind capacity and 422 MW (487 MWp DC) of solar capacity operating primarily in the southern, western and central parts of India.

SEBI Approves Setting Up Rs 33,000-Crore Rescue Facility For Debt Mutual Funds:

SEBI has approved the setting up of the corporate debt market development fund—an alternative investment fund that will act as a backstop facility for investment-grade corporate debt from specified mutual fund schemes during times of stress. The decision was taken at the Securities and Exchange Board of India's latest board meeting, which concluded on wednesday."CDMF, based on a guarantee to be provided by National Credit Guarantee Trust Company, may raise funds for purchase of corporate debt securities during market dislocation," it said in a notification. The market regulator also approved amendments to the existing regulations to allow for the creation of the initial corpus of the backstop fund through contribution by specified debt mutual fund schemes and asset management companies.

HFCL Bags Rs 283 Crore Order From Gujarat Metro

Telecom gear maker HFCL Ltd. on Wednesday said it bagged a Rs 282.61 crore contract from Gujarat Metro Rail Corporation to deploy communication systems for Surat Metro Rail Project Phase-1. The company has to deploy the project within 90 weeks from the date of contract. "..the company has bagged an order worth Rs 282.61 crore from Gujarat Metro Rail Corporation Ltd., for design, manufacture, supply, installation, testing and commissioning of telecommunication systems for Surat Metro Rail Project Phase-I,' the company said in a regulatory filing. Under the contract, HFCL has to provide warranty support for 110 weeks for the system that it will deploy.

Adani Group Says $2.15 Billion Share-Backed Loans Paid Off Fully:

The Adani Group said it has completed full prepayment of marginlinked share-backed financing aggregating to $2.15 billion and all corresponding shares pledged for those facilities have been released. Adani Transmission Ltd.'s share pledges have reduced from 17.3% as on Dec. 31, 2022 to 4.7% as on March 27, group flagship Adani Enterprises Ltd. said in an exchange filing.

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