France-based Total will acquire 20% minority interest in Adani Green Energy Ltd (AGEL). The investment in AGEL is another step in the strategic alliance between both the groups across various businesses and companies of the Adani Group, covering investments in liquefied natural gas (LNG) terminals, gas utility business, and renewableContinue Reading
Orient Cement has On Thursday entered into Share Purchase, Subscription and Shareholder’s Agreement with AMPSolar Technology Private Limited and AMPSolar Systems Private Limited for acquisition of 26% stake in the share capital of AMPSolar Systems Private Limited for putting up the solar power plant with capacity of 13.5 MW, underContinue Reading
Biotechnology major Biocon on Monday said it has inked an agreement for the acquisition of 26 per cent stake on a fully diluted basis in Hinduja Renewables Two Pvt Ltd for Rs 5.91 crore. The indicative time period for completion of the acquisition is December 15, 2020, Biocon said inContinue Reading
Yinson through its wholly-owned subsidiary Yinson Renewables (S) Pte Ltd, has entered into an agreement to acquire additional 57.5% equity interest in Rising Sun Energy Private Limited (“RSE”), an India-incorporated company with two operational solar plants in the Bhadla Solar Park, Rajasthan, India. They will pay INR1.1 billion (RM61 million)Continue Reading
Inox Wind Infrastructure Services Ltd (IWISL), a wholly-owned subsidiary of Inox Wind, has sold its entire 51 per cent shareholding in Sri Pavan Energy for about Rs 5.1 lakh. The company said in a regulatory filing that, “our wholly-owned subsidiary, Inox Wind Infrastructure Services Limited (IWISL) has sold its entireContinue Reading
As was reported earlier, Mahindra & Mahindra has announced its arm Mahindra Renewables has agreed to sell its entire stake in three subsidiaries to CLP India, a part of Hong Kong-based CLP Group, for around Rs 340 crore. As per the share purchase agreement, CLP will acquire 96,23,000 equity sharesContinue Reading
Power Finance Corp. Ltd (PFC), the largest power sector lender in India, is interested in acquiring Yes Bank Ltd’s green energy loans if they turn out to be good assets. Yes Bank has an exposure of about ₹12,000 crore to clean energy companies, making it one of the largest lendersContinue Reading
French energy giant Total SA has agreed to acquire 50% in Adani Group’s solar assets for $510 million, in one of the biggest transactions in India’s clean energy industry. Total will own half of a joint venture company that will house the solar assets of Adani Green Energy Ltd, whichContinue Reading
