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Sembcorp Industries, Macquarie Group, and JSW Neo Energy have also submitted non-binding bids for the green energy company.Ayana has 5 GW of operational and under-construction green energy projects, which it aims to double to 10 GW next year
The deal involves the sale of private equity firm TPG Capital’s 52% stake in the company
The deal has an equity and enterprise value of $50 million and $200 million, respectively
Gentari, a unit of Malaysia’s Petronas, has emerged as the winning bidder for the Indian solar projects of the Finnish firm, totalling 185MW
Gentari, Actis and Sekura Energy Ltd, backed by Edelweiss Infrastructure Yield Plus Fund, have shown interest in Stride.