KKR s India InvIT buys FRV Solar assets in AP
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India Grid Trust has signed a purchase agreement for acquisition of 100% in FRV Andhra Pradesh Solar Farm-I & FRV India Solar Park II – from FRV Solar Holdings, company said on Saturday.
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India Grid Trust is in advanced discussions to acquire India portfolio of Fotowatio Renewable Ventures (FRV), ET first reported in September.
Mumbai: India Grid Trust (IndiGrid), the KKR-owned first Infrastructure Investment Trust (InvIT) in the Indian power sector, has acquired India portfolio of Fotowatio Renewable Ventures (FRV), the Madrid-based developer, in a deal worth Rs.660 crore.
Air India/ representational image
Interups, a US-based fund on Tuesday said it has Rs 13,500 crore as available capital for investment in Air India. The company is all set to invest billions of dollars in the Indian aviation sector, as reported by a Business Standard today.
With a market capitalisaton of only $28 million, the US OTC-listed firm has already bid for several bankrupt companies in India including Lavasa Corporation, Asian Colour Coated Steel and Reliance Naval.
It has not won a single company yet and lenders say they want to see how Interups will arrange for funds for its acquisitions in India before taking any call on its bids.
The NRI entrepreneur with a $9 billion cheque. Some of it is for Air India
His US-based fund Interups Inc has submitted Expression of Interest for Air India. December 15, 2020 / 05:47 PM IST
The government has offered for sale its 100 percent stake in AI and AI Express and the entire 50 percent in ground handling joint venture AI-SATS
Laxmi Prasad learnt an important lesson during his stint as a premier agent at Prudential Financial in the US. He had moved to the US after a very successful stint in hometown Hyderabad as a chartered accountant. At Prudential, our manager used to tell us, Get introduced to one client and you have seven cross-selling opportunities.