In Short : Vedanta has approached the Competition Commission of India (CCI) seeking approval to acquire debt-ridden Jaiprakash Associates. The move is part of Vedanta’s strategy to expand its portfolio and strengthen its presence in the infrastructure and cement sectors. If cleared, the acquisition could provide financial relief to Jaiprakash Associates while boosting Vedanta’s growth […]
Serentica to Acquire Indian Solar Business from Statkraft – EQ
Mumbai – Serentica Renewables, India’s largest decarbonization platform for C&I and utility customers, has signed binding agreements with Norway based Statkraft to acquire their Indian solar business. Statkraft’s Indian solar business comprises of 445 MWp operational solar plant at Bikaner and 1 GWp of development assets across Rajasthan. The portfolio is strategically located in resource […]
Adani Power Secures NCLT Nod to Acquire Vidarbha Industries’ 600 MW Plant for ₹4,000 Crore – EQ
In Short : The National Company Law Tribunal has approved Adani Power’s ₹4,000 crore plan to acquire Vidarbha Industries Power Ltd, which operates a 600 MW thermal plant in Nagpur. This move aligns with Adani Power’s strategy to expand its power generation capacity from 17.6 GW to over 30 GW by 2030, strengthening its presence […]
TPG-led consortium seeks CCI nod to acquire Siemens Gamesa’s wind biz – EQ
In Short : A TPG-led consortium, including Mavco Investments and former JSW Energy CEO Prashant Jain, has sought Competition Commission of India approval to acquire Siemens Gamesa’s onshore wind business in India and Sri Lanka. The deal covers manufacturing, assembly, operation, and maintenance of wind turbines, with Siemens Gamesa retaining a 10% stake in the […]
Blackstone Joins Competitive Bid to Acquire Statkraft’s 2 GW Renewable Portfolio in India – EQ
In Short : Blackstone has submitted a $1.5 billion non-binding offer to acquire Statkraft’s India renewable energy portfolio, marking its potential entry into the sector. The 2 GW portfolio includes wind, solar, and hydro assets. Competing bidders include KKR-backed Serentica, Sembcorp, and BlackRock. Statkraft aims to exit India to refocus on core markets like Europe […]
TPG-Led Consortium to acquire Siemens Gamesa India for $500-550M – EQ
In Short : A TPG-led consortium is set to acquire Siemens Gamesa India for $500-550 million. This strategic move strengthens the consortium’s position in India’s growing renewable energy sector. Siemens Gamesa India, a key player in wind energy, will benefit from fresh investments and expansion opportunities, supporting India’s clean energy transition and boosting the country’s […]
Refex Green Mobility to Acquire Gensol’s 2,997 EVs; Strategic Tie-up Includes Transfer of Associated Debt of INR 315 Crore – EQ
Key move to significantly deleverage Gensol’s balance sheet, substantially reducing the debt-equity ratio; to create sizeable headroom for future growth initiatives Ahmedabad/Chennai – Gensol Engineering Limited (“Gensol”) and Refex Green Mobility Limited (“RefexeVeelz”) are pleased to announce a strategic tie-up for the transfer of 2,997 electric four-wheelers (e4Ws). This step is a significant one towards […]
JSW Energy to acquire KSK Mahanadi Power for Rs 15,985 crore – EQ
In Short : JSW Energy is set to acquire KSK Mahanadi Power for ₹15,985 crore, marking one of the significant deals in the Indian power sector. This acquisition will enhance JSW Energy’s capacity and strengthen its position in the energy market. The move aligns with the company’s strategy to expand its footprint in the thermal […]
Waaree Energies inks pact to acquire Enel Green Power India for Rs 792 cr – EQ
In Short : Waaree Energies Ltd has agreed to acquire Enel Green Power India for ₹792 crore. Enel’s Indian arm operates 640 MW of solar and wind projects, with a 2.5 GW project pipeline. This acquisition will diversify Waaree’s revenue, strengthen its wind energy capabilities, and boost its Independent Power Producer business. Completion is expected […]
Indus Towers to acquire 26 pc stake in JSW Green Energy Eight for Rs 38 cr – EQ
In Short : Indus Towers, one of India’s largest telecom infrastructure providers, is set to acquire a 26% equity stake in JSW Green Energy Eight Pvt Ltd for ₹38 crore. This strategic move supports Indus Towers’ commitment to adopting renewable energy and reducing carbon emissions. JSW Green Energy Eight focuses on sustainable power solutions, aligning […]