UK-based private equity firm Actis LLP has reportedly agreed to buy solar power projects of Essel Infraprojects for Rs 5,500-6,000 crore, Mint reported. The deal may be formally announced by December-end, the report said.
Earlier this year, Essel Infra, part of media mogul Subhash Chandra’s Essel Group, had put its solar assets on sale and since then it has been negotiating with potential buyers.
Essel has a total portfolio of 23 projects, under various stages of development, with nearly 310 MW of operational solar power facilities, which it had bid for under the National Solar Mission and state government auctions, and another 375 MW capacity under construction. Read More