Macquarie, NTPC among those eyeing IL&FS assets
6 years ago

Macquarie, NTPC among those eyeing IL&FS assets

Live Mint  

New Delhi: Half-a-dozen investors, including ReNew Power Ventures Pvt. The transaction for one of India’s largest wind energy platforms will rank among the marque deals in the space, given that IL&FS has operational plants aggregating 873.5 megawatts and 104MW under construction. “There is considerable interest in IL&FS’s wind energy assets with around half-a-dozen firms looking at it,” said the person cited above, requesting anonymity. This follows the collapse of a plan to merge Orient Green Power Co. Ltd’s wind power business with IL&FS Wind Energy Ltd in 2017. Other deals in the works as reported by Mint include Morgan Stanley looking to exit its stake in Continuum Wind Energy; Fotowatio Renewable Ventures is planning to exit its only investment in the Indian solar power space, and Edelweiss Infrastructure Yield Plus Fund is in talks with Engie SA to pick up a significant stake in the French energy firm’s Indian solar business.

India Energy Wind Assets Power Renewable Asset Renew Power  wind  assets  energy  power  eyeing  ilfs  infrastructure  asset  renewable  business  macquarie  financial  ntpc

History of this topic

NTPC Green Energy shares make muted debut on D-Street, lists at 3% premium
Top News
1 month, 2 weeks ago

NTPC Green Energy shares make muted debut on D-Street, lists at 3% premium

India Today  

Shares of NTPC Green Energy made a modest debut on Dalal Street on Wednesday after experts had projected a muted debut for the wholly-owned subsidiary of NTPC Limited. NTPC Green Energy shares opened at Rs 111.50 each on the NSE, marking a 3.24% increase from the issue price of Rs 108. Prashanth Tapse, Senior VP, Mehta Equities Ltd said that …

NTPC Green Energy IPO subscribed 33%, retail portion booked 1.33x on Day 1; Check GMP, other details
1 month, 3 weeks ago

NTPC Green Energy IPO subscribed 33%, retail portion booked 1.33x on Day 1; Check GMP, other details

Live Mint  

NTPC Green Energy Limited's initial public offering, through a book-building process, offers a fresh issue of 92.59 crore shares. NTPC Green Energy IPO GMP today As of November 19, the State-owned NTPC Green Energy Limited's initial public offer has a grey market premium of ₹1.15 per share. NTPC Green Energy IPO Details NTPC Green Energy Limited is a wholly-owned subsidiary …

NTPC plans ₹5 trillion capex for green energy push by 2030
1 month, 3 weeks ago

NTPC plans ₹5 trillion capex for green energy push by 2030

Live Mint  

New Delhi: India’s biggest power generation utility is eyeing a jump in investments in the green energy space to ₹5 trillion by 2030, according to two people with knowledge of the development. The investments would be made under state-owned NTPC Ltd’s renewable energy arm, NTPC Green Energy Ltd, which is set to launch its ₹10,000 crore initial public offering on …

JV of green arms of India’s NTPC-ONGC is highest bidder for Ayana Renewable at $650 million, sources say
2 months ago

JV of green arms of India’s NTPC-ONGC is highest bidder for Ayana Renewable at $650 million, sources say

Live Mint  

By Sarita Chaganti Singh NEW DELHI -A joint venture between India's NTPC Green Energy and ONGC Green Energy is the highest bidder for Ayana Renewable Power having bid about $650 million, two people involved in the deal told Reuters. "After due diligence, NTPC Green Energy and ONGC Green Energy have jointly decided to acquire 100% stake of Ayana Renewable Power …

ONGC-NTPC combine wins exclusivity to close $800 million Ayana stake sale
2 months, 1 week ago

ONGC-NTPC combine wins exclusivity to close $800 million Ayana stake sale

Live Mint  

NEW DELHI : State-run Oil and Natural Gas Corp. Ltd and NTPC Ltd have been given exclusive rights to acquire a majority stake in National Investment and Infrastructure Fund Ltd -backed Ayana Renewable Power Pvt. To boost their new and renewable energy play, NTPC and ONGC have announced a joint venture company through their green energy subsidiaries—NTPC Green Energy Ltd …

NTPC shares jump more than 4% as renewable energy arm files draft papers to raise ₹10,000 crore via IPO
3 months, 3 weeks ago

NTPC shares jump more than 4% as renewable energy arm files draft papers to raise ₹10,000 crore via IPO

The Hindu  

Shares of NTPC jumped by more than 4% to hit an all-time high on Thursday after NTPC Green Energy, the renewable energy arm of the firm, filed preliminary papers with capital markets regulator Securities and Exchange Board of India to raise ₹10,000 crore through an Initial Public Offering. The renewable energy firm said proceeds of the issue to the tune …

IL&FS group to receive first set of bids under asset monetisation process tomorrow
5 years, 9 months ago

IL&FS group to receive first set of bids under asset monetisation process tomorrow

Firstpost  

IL&FS group, which is sitting on the debt of about ₹94,000 crore debt, had decided to sell assets in various verticals New Delhi: Cash-strapped IL&FS group will receive first set of bids under asset monetisation process on Monday as part of resolution process, according to sources. IL&FS board will later consider bids for 8,000 crore renewable energy business that was …

Cash-strapped IL&FS to sell controlling stake in green energy business; firm's board to issue EoIs soon
6 years, 1 month ago

Cash-strapped IL&FS to sell controlling stake in green energy business; firm's board to issue EoIs soon

Firstpost  

The renewable assets of IL&FS include operating wind power plants with an aggregate capacity of 873.5-mw, and under-construction wind power plants worth 104 mw capacity. The renewable assets of the group include operating wind power plants with an aggregate capacity of 873.5-mw, and under-construction wind power plants worth 104 mw capacity. “The board today initiated a process of exploring selling …

IL&FS asset sale plan hangs in the balance
6 years, 3 months ago

IL&FS asset sale plan hangs in the balance

Live Mint  

Mumbai: The government’s move to supersede the board of Infrastructure Leasing and Financial Services Ltd and order a probe has clouded the view as to when the debt-laden lender would be able to proceed with its capital-raising, restructuring and asset monetization plans. IL&FS had already received concrete offers for several of its assets, which include road projects housed under group …

IL&FS efforts to sell assets clouded by past failed attempts
6 years, 3 months ago

IL&FS efforts to sell assets clouded by past failed attempts

Live Mint  

Mumbai/New Delhi: Infrastructure Leasing and Financial Services Ltd’s bid to sell three of its units in the past two years to pare debt were stymied because of valuation mismatches and bureaucratic red tape, calling into question the group’s ongoing efforts to dispose of some of its biggest assets to meet immediate payment obligations and avoid bankruptcy. Over the past two …

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