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India: Cleantech Solar promoters in talks to sell majority stake

India: Cleantech Solar promoters in talks to sell majority stake
July 2, 2021
The promoters of Cleantech Solar Energy aim to sell their controlling stake in the green energy firm backed by Royal Dutch Shell, said two people aware of the development.
Standard Chartered has been hired to find a buyer for the potential transaction that could rank among the largest so far in India’s solar rooftop space.
Cleantech Solar has a 500-megawatt (MW) portfolio under various stages of development across India, Indonesia, Cambodia, Malaysia, Thailand, Vietnam and Singapore.
In January 2019, Shell Eastern Petroleum (Pte) Ltd acquired a 49% stake in Singapore-headquartered Cleantech Solar. The remaining 51% stake is held by the founders’ holding company, which has promoters including chairman Raju Shukla as stakeholders. ....

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Fourth Partner Energy Raises $125 Mn Funding

Fourth Partner Energy Raises $125 Mn Funding
entrepreneur.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from entrepreneur.com Daily Mail and Mail on Sunday newspapers.

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