Home Featured ReNew Power in talks with Japan’s Jera to sell 10%: Sources
ReNew Power in talks with Japan’s Jera to sell 10%: Sources

ReNew Power in talks with Japan’s Jera to sell 10%: Sources

202
0

ReNew Power, which is gearing up for an IPO in FY18, is in the process of signing a large transaction which will give a big boost to its valuations, people privy to the details told CNBC-TV18.

ReNew Power is in talks with Japan-based energy supply chain services company Jera to sell a 10 percent stake for USD 200 million which will value the company at USD 2 billion. The deal is likely to be signed in a few weeks. ReNew Power did not offer any comment to CNBC-TV18 on the deal with Jera.

Source:moneycontrol
Anand Gupta Editor - EQ Int'l Media Network

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *

Open chat