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February 12, 2021
Canada Pension Plan Investment Board (CPPIB) has placed several pre-conditions to acquire Japan’s SoftBank Group Corp.’s controlling stake in SB Energy Holdings for an estimated $520 million, said two people aware of the development.
These pre-conditions, also referred to as condition precedents (CPs), include meeting certain project commissioning deadlines, securing new businesses, achieving land possession from the Andhra Pradesh government and reimbursement of safeguard duty for a project in Rajasthan, the people said, requesting anonymity.
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Securing new biz among CPPIB’s pre-conditions for SB Energy deal
The latest valuation of SB Energy is less than the one expected by the sector given SoftBank had invested more than $800 million in the business in the past five yearsPremium
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Canada Pension Plan Investment Board (CPPIB) has placed several pre-conditions to acquire Japan’s SoftBank Group Corp.’s controlling stake in SB Energy Holdings for an estimated $520 million, said two people aware of the development.
These pre-conditions, also referred to as condition precedents (CPs), include meeting certain project commissioning deadlines, securing new businesses, achieving land possession from the Andhra Pradesh government and reimbursement of safeguard duty for a project in Rajasthan, the people said, requesting anonymity.
Twist in race for Mahindra Susten; Brookfield Asset Management in talks to buy majority stake in company
If the deal fructifies, it would mark the second one struck in the solar power segment between Brookfield and an Indian conglomerate. The Canadian investment firm had acquired Emami Power last year. February 09, 2021 / 07:33 AM IST
Anand Mahindra-led Mahindra Group has initiated talks with Canadian investment giant Brookfield Asset Management to sell a majority stake in its clean energy portfolio firm Mahindra Susten in one of the most high-profile deals in the renewable energy segment in recent times, multiples sources with knowledge of the matter told Moneycontrol.
Ashoka Buildcon has receives notification of award (NoA) from NTPC Renewable Energy in respect of the project viz EPC package of 150 MW solar PV project in Rajasthan which includes operations and maintenance of complete solar PV plant for a period of three years from the date of successful trial run.
The accepted bid value / project cost of the project is Rs.502.33 crore exclusive of GST.
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