Tanya Thomas
Stories by Tanya Thomas
India’s Essel Group in talks with Adani to sell solar energy assets
Essel Infra also places several of its road assets on the block, but is yet to finalize a deal.
India: Adani, Cube, IRB Infra, CPPIB to bid for 9 NHAI roads
NHAI has put up nine stretches of roads totaling 566.27 km for TOT auctions.
UK fintech firms keen to enter Indian start-up sandboxes
India and the UK have been among the top five investors in each other’s economies since 2010.
Deals in India’s renewable sector decline amid waning interest from investors, developers
The Solar Energy Corporation of India saw its last two reverse auctions go undersubscribed.
Adani Green to acquire 205MW of solar assets from Essel for $181m
The portfolio it is acquiring is relatively young with average remaining PPA life of approximately 22 years.
SG’s Sembcorp infuses $74.4m in its Indian renewable business
The funds will be used to expand the Singapore-based company’s renewable energy portfolio in India.
India: Invesco Oppenheimer reiterates commitment to Zee stake deal
Essel group in July agreed to sell an 11% stake in ZEEL to the fund, as its controlling shareholders attempt to pay off debts before a September deadl
Tata Steel cancels deal to sell Southeast Asia steel biz to China’s HBIS Group
HBIS has not been able to procure the requisite approvals from the Hebei government.
Sterlite Power scouts for investors to raise up to $430m
In May, Sterlite roped in KKR as a co-sponsor in IndiGrid, raising around ₹2,560 crore, which included an infusion of ₹1,084 crore from KKR.
Invesco Oppenheimer fund to buy 11% stake in Zee Entertainment for $612m
The proceeds from the stake sale will go towards paying off loans worth Rs13,000 crore that the Essel group has across various group companies.
