The notification relates to the acquisition of certain stake through equity in Hero Future Energies Global Ltd (“HFE UK”) and non-voting compulsorily convertible preference shares in Hero Future Energies Private Ltd. (“HFE India”) by Abu Dhabi Future Energy Company P.J.S.C.-Masdar (“Acquirer”). The Acquirer, an entity incorporated in Abu Dhabi, is an international renewable energy and […]
Abu Dhabi’s Masdar seeks to acquire minority stake in Hero Group’s clean energy arm
Masdar Clean Energy, wholly owned by the Abu Dhabi government’s Mubadala Investment Company, is seeking to acquire a minority stake in the Munjal family-led Hero Group’s clean energy arm. Masdar, also known as Abu Dhabi Future Energy Company, plans to subscribe to equity shares in Hero Future Energies Global Ltd (HFE UK) and non-voting compulsorily […]