The European Investment Bank (EIB) and asset manager Allianz Global Investors have made a USD-77.5-million (EUR 72.2m) commitment to Vinci Climate Change F
Sterlite Power partners Vinci Energia to buy Vineyards Project
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Last Updated: Apr 15, 2021, 02:04 PM IST
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Synopsis
The investment amount can be converted into shares with an 80 per cent purchase option when the project is complete this year. The remaining 20 per cent can be purchased within 190 days.
PTI
Sterlite Power on Thursday said it has partnered with Vinci Energia in the power transmission sector to buy Vineyards Project. Sterlite Power and Vinci Energia (VIGT11), through Vinci Infraestrutura Gestora de Recursos LTDA, announced the formalisation of the commitment of first acquisition of issuance of debentures convertible into shares for the Vineyards Project that is in the final phase of implementation, a Sterlite Power statement said.