<article>JSW Energy has restarted talks with Jaypee Group to acquire three of its power assets, while MBD Group has entered into a JV with German hotel group Steigenberger Hotels.</article>

JSW Energy has restarted talks with Jaypee Group to acquire three of its power assets, while MBD Group has entered into a JV with German hotel group Steigenberger Hotels.
<h3>JSW Energy reopens talks to buy Jaypee Groups&#8217; 3 power assets</h3>
<a style="color: #000080;" href="http://dealstreetasia.com/tag/jsw-energy">JSW Energy</a> is likely to be in talks again to acquire three power assets of <a style="color: #000080;" href="http://dealstreetasia.com/tag/jaypee">Jaypee Group</a>, said <a style="color: #000080;" href="http://economictimes.indiatimes.com/industry/energy/power/jsw-energy-reopens-talks-with-jaypee-group-for-buying-three-power-assets/articleshow/52892072.cms">a report</a> in The Economic Times quoting sources. The two companies had initiated talks earlier but they fell through a few months ago
The deal is likely to involve two power generation units and a majority stake in a transmission joint venture for an enterprise value of about Rs 5,500 crore, said the sources.
The two utilities are Bina Thermal Power in Madhya Pradesh with an installed capacity of 500 MW and the 400 MW Vishnuprayag Hydro Power in Uttarakhand. Bina can be ramped up further and its capacity trebled. The third asset is a 74 per cent stake in Jaypee Powergrid, a 74:26 joint venture with Power Grid Corporation of India Ltd (PGCIL).
Under the terms now being discussed, a deal will primarily mean the transfer of debt to Jindal since the equity value would be about Rs 400 crore for the three assets. &#8220;Jaypee will transfer a combined debt of about Rs 5,100 crore,&#8221; said one of the sources.
<h3>MBD Group forms JV with Germany&#8217;s Steigenberger Hotels</h3>
Delhi-based education company <a style="color: #000080;" href="http://mbdgroup.com/">MBD Group</a>, which runs Radisson Hotels in Noida and Ludhiana, has entered into a joint venture with Germany&#8217;s <a style="color: #000080;" href="https://www.steigenberger.com/en">Steigenberger Hotels</a> in India, according to <a style="color: #000080;" href="http://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/mbd-group-forms-5149-jv-with-germanys-steigenberger/articleshow/52892703.cms">a report</a> in The Economic Times.
Under the join venture , which is formed in a 51:49 ratio, the company will build five luxury hotels and manage another 15 by 2030. The financial details of the joint venture were not disclosed.
&#8220;It&#8217;ll be a combination of building hotels and signing up other third-party builders. It takes nearly five years to build a hotel and that will slow our pace down, therefore we are looking to manage hotels as well,&#8221; MBD Group&#8217;s joint managing director Sonica Malhotra told
The two companies plan to run 20 luxury hotels in the next 15 years. MBD Group will own five of these hotels while for the rest, it will look for independent owners.
Also Read:
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/jsw-energy-to-buy-jspls-chhattisgarh-power-project-39581/">India: JSW Energy to buy JSPL’s power project for $600m</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/india-jsw-energy-in-talks-to-buy-three-power-assets-35827/">India: JSW Energy in talks to buy three power assets</a>
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JSW Energy has restarted talks with Jaypee Group to acquire 3 of its power assets, while MBD Group has formed a JV with Germany's Steigenberger Hotels.

India Digest: JSW Energy reopens talks to buy Jaypee assets; MBD in new JV

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India Digest: JSW Energy reopens talks to buy Jaypee assets; MBD in new JV

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