India’s Kalyani Group to sell wind energy stake to PE – report
The Kalyani Group, the Indian industrial conglomerate, is reportedly in talks with private equity firms to sell a stake in its wind energy business, Kenersys. In addition to diluting Kalyani’s controlling interest, the deal would allow the partial exit of First Reserve.
According to Reuters, the stake is likely to sell for $300 million and Kenersys hopes to complete the transaction by the end of the current financial year. Kenersys designs and manufactures wind turbine...
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