Actis agrees to buy Essel Infra’s solar power projects for ₹5,500-6,000 crore2 min read . Updated: 28 Nov 2018, 06:11 PM IST
Essel Infrastructure put its solar power projects on the block early this year and has since been negotiating with potential buyers
Mumbai: Private equity investor Actis LLP has agreed to buy Essel Infraprojects Ltd’s solar power projects for ₹ 5,500-6,000 crore, according to two people involved in the deal process. The deal would be formally announced by December-end, one of the two people said, requesting anonymity. Essel Infra, part of media mogul Subhash Chandra’s Essel Group, put its solar assets on the block in early 2018 and has spent most of the year negotiating with potential buyers. Essel has 685MW of installed capacity and under-construction projects.
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