India: Sudhir Valia to buy Jaypee wind power assets for $27m

India: Sudhir Valia to buy Jaypee wind power assets for $27m

Sudhir Valia is the brother-in-law of Sun Pharma’s Dilip Shanghvi. He played a crucial role in the Suzlon-Shanghvi deal in February this year. Photo: Hemant Mishra/Mint

Sudhir V. Valia, the brother-in-law of Sun Pharmaceutical Industries Ltd founder and managing director Dilip Shanghvi, has agreed to buy Jaiprakash Associates Ltd’s wind power assets for Rs.180 crore ($27 million), according to two people directly involved in the transaction.

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