The renewable energy services firm Kanoda Energy Systems Pvt. Ltd has agreed to sell 88% stake to Mukesh Ambani-led Reliance Industries Ltd for Rs 75 crore (about $10.7 million) in cash. The total investment is likely to be completed by March 2020, Reliance Industries said in a stock-exchange filing. TheContinue Reading
Mytrah Energy (India) Pvt. Ltd is in talks with potential investors to raise $500 million by selling a stake in the company. If successful, the transaction will be one of the biggest in India’s clean energy industry. While 78% of the Mytrah Energy is owned by promoters and family, theContinue Reading
Pennar Industries Ltd (PIL), a Hyderabad-based engineering company, on Monday said its board has agreed to sell a stake in its subsidiary Pennar Renewables Pvt. Ltd to Greenko Solar Energy Pvt. Ltd, the solar energy arm of Greenko Energy Holdings. The acquisition of Pennar Renewables is part of the growingContinue Reading
