Ayana Renewable Power is looking to sell a majority stake of as much as 100% in the green energy company, targeting an equity valuation of around $2 billion, two people aware of the development said. The shareholders are also seeking to raise around another $400 million as primary equity infusion to finance the company's growth, the people said, requesting anonymity.
Standard Chartered has been mandated to manage the sale for the company with a 5 gigawatt (GW) portfolio. The Bengaluru-based renewable company was founded in 2017 and is majority-owned by National Investment and Infrastructure Fund Ltd's (NIIF) core infrastructure fund. Ayana's other shareholders include British International Investment Plc and EverSource Capital. Ayana plans to build a 10GW portfolio by 2025 and has projects in Andhra Pradesh, Tamil Nadu, Karnataka, Rajasthan and Gujarat.
Bu hikaye Mint Mumbai dergisinin November 07, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin November 07, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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