By Ishita Russell
Suzlon is reportedly in talks with two financial investors to sell the stake and seeking a valuation of Rs 8,000 crore for the services business.
The industry will see consolidation among NBFCs and HFCs, partly propelled by financial investors in these companies, Chandra said.
IndiGrid is raising capital to acquire new assets. The final quantum will depend on the demand from investors.
Waaree’s solar plants have been on the block for nearly a year. ReNew Power, India’s largest developer by capacity, has evaluated them for an acquisition, but talks fell through earlier this year.
Cerberus Capital is set to enter India and is in the process of opening its office in Mumbai to tap opportunities in the country’s distressed assets space.
Faering has invested Rs 64 crore, while the rest was invested by existing investor Elevar.
In October, Zydus had entered into an agreement to acquire Heinz India, jointly with Cadila Healthcare, at a valuation of Rs 4,595 crores ($644 million).
Myntra chief revenue officer Mithun Sundar and human resources head Manpreet Ratia, who also oversaw operations, supply chain and customer experience, are also said to have resigned.
Having started operations in 2013, Bertelsmann India Investment has invested in a dozen companies so far, with two more in the offing.
A confluence of factors helped India draw more inbound investments than China for only the second time in a decade. Foreign acquirers struck a record $39 billion of acquisitions in India this year.