Stake

Cipla to Acquire 32% Stake in AMP Energy Green Eleven

India’s major drug manufacturer Cipla has signed a pact to acquire about a one-third stake in AMP Energy Green Eleven. The move is designed to set up a captive solar power project in the state of Maharashtra. Captive generation rules generally mandate that the key consumers must have a minimum 26% stake in the renewable […]

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Investment Firm TRIG Acquires Stake in 714 MW East Anglia One Wind Farm

TRIG, a London-listed investment company, will acquire a 14.3 percent stake in the 714 MW East Anglia One offshore wind farm from GIG. The Renewables Infrastructure Group Limited (TRIG), a London-listed investment company advised by InfraRed Capital Partners and RES, has announced that it has exchanged contracts to acquire a 14.3 percent indirect equity interest/ […]

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Sterlite Power Drops 14.7% Stake in IndiGrid for Rs 840 Crore

Sterlite Power has sold 14.7 percent stake it held in India Grid Trust (IndiGrid) for Rs 840 crore to institutional and HNI investors. Sterlite Power, a leading global power transmission player, has announced that it has sold 14.7 percent stake it held in India Grid Trust (IndiGrid) for Rs 840 crore (unit price of Rs 98) to […]

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