India: Greenko joins race to acquire Skeiron Renewable at valuation of $473m

Greenko Group founder and president Mahesh Kolli (left) and Greenko Group CEO Anil Kumar Chalamalasetty. Photo: Kumar/Mint

The Greenko group, backed by sovereign wealth funds GIC Holdings Pte Ltd and Abu Dhabi Investment Authority, is in talks with Skeiron Renewable Energy to acquire 385 megawatt (MW) of wind projects at an enterprise value of around Rs 3,500 crore. The equity payout is expected to be around Rs 750 crore.

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