EverEnviro acquires IL&FS Environmental Infrastructure & Services Ltd
April 07, 2021
The financial terms of the deal were not disclosed
EverEnviro Resource Management Pvt Ltd, a wholly-owned subsidiary of Green Growth Equity Fund (GGEF), has acquired the entire stake of integrated waste management company, IL&FS Environmental Infrastructure & Services Ltd (IEISL). The financial terms of the deal were not disclosed.
This deal, one of the largest in municipal solid waste management (MSW) in India, also includes the assets of IEISL’s subsidiaries RDF Power Projects Ltd (RDFPPL), East Delhi Waste Processing Company Ltd (EDWPCL), Swayam Swachatta Initiative Ltd (SSIL), Dakshin Dilli Swachh Initiatives Ltd (DDSIL) and Kanak Resources Management Ltd (KRML), the company said in a statement.