India Business News: Mumbai: Billionaire Sajjan Jindal-controlled JSW Energy will buy Reliance Power's wind energy asset in Maharashtra for Rs 132 crore.
Private equity investors TPG, Tepco, and Brookfield are in advanced discussions to purchase a minority stake in JSW Neo Energy. JSW Group aims to raise up to $500 million from the stake sale to fund further expansion in renewable energy. JSW Neo Energy will house the parent company s upcoming renewable projects, including green hydrogen production.
Private equity investors TPG, Tokyo Electric Power Company (Tepco) and Brookfield are in advanced talks to buy a minority stake in JSW Neo Energy, said people with knowledge of the matter.
The major indices continued to rally this week. Sensex and Nifty were up almost 2% following strong gains in the US and rising inflows by Foreign Institutional Investors.