With Russian oil major Rosneft’s acquisition of Essar Oil and related assets for a staggering Rs 86,000 crore, foreign companies are now leading in acquiring the assets of debt-heavy Indian companies. Since 2011...
JSPL to sell 24 MW wind power project to IDFC Alternatives
Mumbai: Jindal Steel & Power Ltd (JSPL) Tuesday said it has agreed to sell its wind power project at Satara in Maharashtra to an infrastructure fund managed by IDFC Alternatives. The company did not disclose the...
TerraForm gives consent to SunEdison’s asset sale to Greenko
MUMBAI: TerraForm Global, a Nasdaq-listed clean-energy holding company currently embroiled in a $2 billion dispute with parent SunEdison, has given its consent to the bankrupt firm to pursue the sale of its entire...
TerraForm gives consent to SunEdison’s asset sale to Greenko
MUMBAI: TerraForm Global, a Nasdaq-listed clean-energy holding company currently embroiled in a $2 billion dispute with parent SunEdison, has given its consent to the bankrupt firm to pursue the sale of its entire...
Greenko to buy SunEdison’s Indian portfolio for $315 million
MUMBAI: The sun is finally setting on SunEdison in India. The US company that started the solar power frenzy around the world and especially in India with super high growth projections and super low tariff bids for new...
Hindustan Powerprojects in talks to sell solar assets
Mumbai: Hindustan Powerprojects Pvt. Ltd has initiated discussions with investors to sell around 300 megawatts (MW) of solar assets, three people aware of the development said. The money could be used for expansion and...
Arpwood-controlled Senvion to buy Kenersys from Bharat Forge founders
MUMBAI: Senvion, the German wind turbine maker, partly owned by India’s Arpwood Capital and US buyouts firm Centrebridge Partners has agreed to buy wind turbine inventory and the service operations of Kenersys, a...
Azure Power in talks to sell stake to Brookfield to raise Rs 500 crore
MUMBAI: Azure Power Global is in talks with Canadian asset manager Brookfield to raise as much as Rs 500 crore by selling a significant minority stake to fund the Delhi-based clean energy firm’s plans to expand...
SunEdison India sale said to draw Khazanah, Hindujas, Tata Power
Hinduja Group and Malaysian sovereign fund Khazanah Nasional are among groups vying for SunEdison Indian solar assets; Tata Power is also in the fray. Mumbai/Kuala Lumpur/New Delhi: Hinduja Group, the industrial...
SBI-Macquire in talks to buy Hindustan Power Project’s operational alternate power assets
MUMBAI: A private equity fund, jointly managed by State Bank of IndiaBSE 1.51 % and Australia’s Macquarie Group, is in early talks with Hindustan Power Projects (erstwhile Moser BaerBSE 0.69 % Power Projects) to...
M&A activity seen easing as India seals fewer deals in first half of 2016
Compared with the historical high in the same period a year ago, the deal count was 26.7% fewer and a deal value was 4% lower, says a MergerMarket report. The top three M&A deals in the first six months of the...
Cyrus Mistry’s principle: Asset Right, Asset Light
Cyrus Mistry, the current chairman of Tata group who is the first from outside the immediate Tata family to head the group since it was founded in 1868, has his eye in the future and not the past. Working on the...