Morgan Stanley invests $210m in Continuum Wind Energy
Morgan Stanley Infrastructure Partners has agreed to buy a majority stake in Continuum Wind Energy for INR12 billion ($210 million). The Singapore-based company, which was set up Essar Group executive Vikas Saraf and investment banker Arvind Bansal, runs wind farms in India.
Continuum will issue preference shares to Morgan Stanley which will convert to equity at a later date, giving the US firm a 50% stake, a banker familiar with the transaction told The Times of India. Mumbai-based...
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