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India: PTT Group and ReNew Power deal said to be called off


India: PTT Group and ReNew Power deal said to be called off
Founded in 2011 by Sumant Sinha, ReNew Power has now over 1,000 MW of operational capacity from its own wind and solar projects. Photo: Pradeep Gaur/Mint
March 2, 2021
The proposed deal for Thailand’s energy major PTT Group buying a stake in ReNew Power Ventures Pvt. Ltd has been called off, said two people aware of the development.
This comes against the backdrop of ReNew Power announcing a merger with Nasdaq-listed special purpose acquisition company (SPAC) RMG Acquisition Corp. II on Wednesday at an enterprise value of about $8 billion. SPACs are publicly-traded shell companies with no commercial operations, which help unlisted companies go public through mergers, skipping the time-consuming conventional IPO route. ....

Petroliam Nasional Bhd , Sumant Sinha , Vineet Mittal , Avaada Energy Pvt , Acquisition Corp , Royal Dutch Shell Plc , Tata Power Renewable Energy Ltd , Amplus Energy Solutions Pvt , Adani Green Energy Ltd , Avaada Energy , Renew Power , New Power , Amplus Energy Solutions , Adani Green Energy , Tata Power , Eni Spa , Andhra Pradesh , பெட்ரோலியம் நேஷனல் ப்ட் , சுமந்த் சீன்ஹா , திராட்சை மிட்டல் , கையகப்படுத்தல் கார்ப் , அரச டச்சு ஷெல் ப்ல் , டாடா பவர் புதுப்பிக்கத்தக்க ஆற்றல் லிமிடெட் , அதானி பச்சை ஆற்றல் லிமிடெட் , புதுப்பித்தல் பவர் , புதியது பவர் ,

PTT Group in fray for Avaada Energy stake


PTT Group in fray for Avaada Energy stake
The potential deal in renewable energy firm Avaada is estimated at $220 million.
(Photo: AFP)Premium
Avaada Energy has an operational portfolio of 1.2GW with 4GW under implementation
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NEW DELHI :
Thailand’s PTT Group is among companies that have shown interest in buying around 22% stake in renewable energy producer Avaada Energy Pvt. Ltd in a potential equity deal estimated at around $220 million, said two people aware of the development.
Avaada Energy controlled by entrepreneur Vineet Mittal has an operational portfolio of 1.2GW with a further 4GW under implementation. ....

United States , Dadra And Nagar Haveli , Petroliam Nasional Bhd , Vineet Mittal , Amit Agarwal , Heranba Industries , Spokespersons For Bank , Royal Dutch Shell Plc , Tata Power Renewable Energy Ltd , Amplus Energy Solutions Pvt , Avaada Energy , Adani Green Energy Ltd , View Full , Goldman Sachs Group , Renew Power Ventures , Amplus Energy Solutions , Adani Green Energy , Tata Power , Eni Spa , Torrent Power , Nagar Haveli , Join Mint , Ptt Group , Renewable Energy , Electricity Distribution , ஒன்றுபட்டது மாநிலங்களில் ,