China India Hong Kong city Mumbai outbreak pandemic Government Coronavirus China India Hong Kong city Mumbai

Mahindra's solar asset sale to CLP India faces delay due to China FDI restrictions

Reading now: 586
www.livemint.com

MUMBAI : Sale of solar assets of Mahindra Susten, the renewable business arm of Mahindra group, to CLP India Pvt Ltd has been delayed on account of the recent FDI policy changes that aim to restrict investments from India's neighbouring countries including China, said two people aware of the development.

In February, Mahindra Susten had entered into an agreement to sell three solar projects to CLP India, a part of Hong Kong based CLP Holdings Ltd., for an equity value of ₹340 crore.

The transaction included the sale of three projects - Cleansolar Renewable Energy Pvt Ltd, Divine Solren Pvt Ltd and Neo Solren Pvt Ltd.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA