India’s Reliance Power said on Friday it will consider raising funds, including an option of stake sale to institutional investors as the Anil Ambani-run company looks to expand its business. The electric utility...
Stonepeak fourth shortlisted bidder to buy O2 Power in $1 billion deal
New York-based alternative investment firm Stonepeak has emerged as the fourth shortlisted bidder to submit a binding offer to buy O2 Power, a renewable energy platform in India. The deal, which may rank among the...
Edelweiss-owned Sekura acquires O2 Power’s MP assets for Rs 2k cr
Sekura Energy, the energy platform owned by Edelweiss Alternatives, has acquired 350-MW operational assets of O2 Power developed for Rewa Ultra Mega Solar (RUMSL) in Madhya Pradesh, said multiple people aware of the...
Lumax to acquire majority stake in Greenfuel Energy Solutions
Lumax Auto Technologies on Saturday said it has inked a pact to acquire a majority stake in Greenfuel Energy Solutions from its existing shareholders for an undisclosed amount. The proposed acquisition will enable the...
I Squared, JSW Neo and Macquarie shortlisted to buy O2 Power in $1-billion deal
New York-based private equity firm I Squared Capital, JSW Neo Energy, a subsidiary of India’s JSW Group, and Macquarie Group, one of the largest foreign infrastructure investors in the country, have been...
Power Grid Corp acquires Bhadla-III & Bikaner-III Transmission
State-owned Power Grid Corporation on Friday said it has acquired project special purpose vehicle (SPV), Bhadla-III and Bikaner-III Transmission Ltd, through tariff-based competitive bidding. “Power Grid...
Adani Power gets NCLT nod to to acquire Lanco Amarkantak Power for ₹4,101 crore
Adani Power announced on Thursday that the Hyderabad bench of the National Company Law Tribunal (NCLT) has approved its plan to acquire Lanco Amarkantak Power Ltd (LAPL) with an upfront payment of ₹4,101 crore. LAPL is...
NCLT approves merger of Slice and North East Small Finance Bank
The National Company Law Tribunal (NCLT) has approved the merger of Bengaluru-based Slice with Guwahati-headquartered North East Small Finance Bank. This will pave the way for the closure of the merger, which received...
Adani in talks to buy Reliance Power’s 600 MW thermal plant
Adani Power Ltd has begun talks to acquire the 600 MW Butibori thermal power project in Nagpur once owned by Anil Ambani’s bankrupt Reliance Power Ltd, two people aware of the matter said. A deal is likely in the...
Bankruptcy court okays SKS Power Generation’s Acquisition by Sarda Energy & Minerals
The Mumbai bench of the National Company Law Tribunal (NCLT) Tuesday approved SKS Power Generation (Chattisgarh) Ltd’s acquisition by BSE-listed Sarda Energy & Minerals. The division bench of judicial member Kishore...
Algonquin to sell majority of renewables unit for up to $2.5 bln to ease debt
Canada’s Algonquin Power & Utilities said on Friday it would sell its renewable energy business, excluding the hydropower operations, to a unit of U.S.-based LS Power for up to $2.5 billion. Last August, the...
Tata Power to acquire 40% stake in KHPL for Rs 830 crore
Tata Power on Tuesday announced plans to acquire a 40 per cent stake in Khorlochhu Hydro Power Limited (KHPL) for Rs 830 crore to set up a 600 MW hydro project in Bhutan. In a statement, Tata Power said it has finalized...
