Ex Ostro Energy CEO, COO To Start Renewable Energy Firm

Ex Ostro Energy CEO, COO To Start Renewable Energy Firm

Ranjit Gupta and Murali Subramanian, former chief executive officer (CEO) and chief operating officer (COO), respectively, of global private equity firm Actis LLP’s Ostro Energy Pvt. Ltd, are in talks to initially raise $100 million to establish a renewable energy platform in India, said three people aware of the development.

ReNew Power May Buy Ostro Energy In Rs10,000 Crore Deal

ReNew Power May Buy Ostro Energy In Rs10,000 Crore Deal

ReNew Power Ventures Pvt. Ltd is close to acquiring Ostro Energy Pvt. Ltd, the company that holds the renewable energy assets of buyout firm Actis Capital, for an enterprise value of Rs10,000 crore, according to two people directly aware of the development.