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India Digest: TPG to buy Siemens Gamesa’s wind turbine business; VAHDAM, Nabhdrishti Aerospace raise funds

India Digest: TPG to buy Siemens Gamesa’s wind turbine business; VAHDAM, Nabhdrishti Aerospace raise funds

Wind turbine. Photo: Pixabay

Global asset management firm TPG is set to buy a majority stake in Siemens Gamesa’s onshore wind turbine generator manufacturing business in India and Sri Lanka. In fundraising news tea brand VAHDAM India has secured $3 million from Sidbi Venture, while Nabhdrishti Aerospace has raised an equivalent amount led by Accel.

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