PTT Group in fray for Avaada Energy stake
The potential deal in renewable energy firm Avaada is estimated at $220 million.
(Photo: AFP)Premium
Avaada Energy has an operational portfolio of 1.2GW with 4GW under implementation
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NEW DELHI :
Thailand’s PTT Group is among companies that have shown interest in buying around 22% stake in renewable energy producer Avaada Energy Pvt. Ltd in a potential equity deal estimated at around $220 million, said two people aware of the development.
Avaada Energy controlled by entrepreneur Vineet Mittal has an operational portfolio of 1.2GW with a further 4GW under implementation.