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 […]
Hero Future’s stake buy by Abu Dhabi Future Energy gets CCI nod under green channel
New Delhi: The Competition Commission of India (CCI) has given nod under the green channel route to Abu Dhabi Future Energy Company for acquiring equity stake in Hero Future Energies Global Ltd. Besides, the transaction also involves acquisition of non-voting compulsorily convertible preference shares in Hero Future Energies Private Ltd. ‘The proposed combination in terms […]
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 […]
IFC offers $43.3 mn in debt funding to Hero Future Energies
International Finance Corporation plans to provide debt financing of up to $43.3 million (Rs 300 crore) to Hero Future Energies Global Ltd for the construction of a solar power plant. The money will be used to build a 250-megawatt project at Bhadla in Rajasthan, the World Bank’s private-sector investment said in a disclosure. The total […]