Japan's Chubu Elec to buy 20% stake in India's OMC Power for $39m

Japan's Chubu Elec to buy 20% stake in India's OMC Power for $39m

Renewable energy/Illustration/ Internet Archive

Japan’s Chubu Electric Power Co Inc said on Tuesday it will spend up to 5 billion yen ($39 million) to buy a 20% stake in India’s rural renewable energy service company, OMC Power Private Ltd, through a third-party allotment of shares.

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