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Special Purpose Vehicle

Cabinet approves creation of SPV for Air India divestment

An SPV named Air India Asset Holding Ltd was set up on January 22 last year as part of financial restructuring of the debt-laden national carrier.

Mar 01, 2019, 10:31 AM IST

Plan to transfer Air India debt, non-core assets to SPV: Official

The Central government plans to transfer the debt and non-core assets of the financially-strained national passenger carrier Air India to a special purpose vehicle (SPV), a senior Finance Ministry official said on Tuesday.

Aug 22, 2018, 06:31 AM IST

Mahindra group to acquire Italian design firm Pininfarina

Mahindra group Monday announced it will acquire Italian automotive and industrial design firm Pininfarina for an overall outgo of over 50 million Euros (nearly Rs 370 crore) after months of negotiations.

Dec 14, 2015, 23:33 PM IST

Kejriwal proposes SPV to address sanitation issues in Delhi

Chief Minister Arvind Kejriwal has said that cleaning a city like Delhi is not rocket science, but issues occur when jurisdictions overlap.

Nov 22, 2015, 23:48 PM IST

List of 100 smart cities to be out by Sept 1, says Minister

The Government is set to announce by September 1 the names of urban centres that would figure in the list of 100 smart cities, a flagship scheme of the Narendra Modi administration.

Aug 22, 2015, 18:12 PM IST

SPVs to be created to implement 'Smart City' project: Naidu

NDA government has announced to create 100 smart cities across the country.

Mar 24, 2015, 20:11 PM IST

Haryana govt to partner with Railways to strengthen state network

With a view to strengthen the rail network in the state, the Haryana government has decided to enter into a partnership with Indian Railways by forming Special Purpose Vehicle for raising of funds.

Jan 29, 2015, 19:40 PM IST

Banks may set up holding cos; SPV to raise funds

The Finance Ministry Tuesday asked PSU banks to explore the possibility of setting up holding company and Special Purpose Vehicle (SPV) to raise funds for expansion as the government may not be able to provide more than Rs 8,000 crore additional capital support this fiscal.

May 13, 2014, 19:26 PM IST

Cabinet approves SPV for TAPI pipeline, GAIL to join

The SPV is required to have an initial contribution of $20 million made up of $5 million from an identified entity from each of the four participating countries.

Feb 07, 2013, 17:08 PM IST

Cabinet to consider SPV for TAPI project on Thursday

Struggling to get global energy majors who can build the USD 9 billion TAPI gas pipeline, its four promoter nations have decided to float a special purpose vehicle to keep the transnational project alive.

Feb 06, 2013, 13:41 PM IST

SPV approved to give IT support, services for roll out of GST

The government on Thursday approved setting up of a special purpose vehicle (SPV) to provide IT infrastructure for roll out of the proposed new indirect tax regime Goods and Services Tax (GST).

Apr 12, 2012, 22:00 PM IST