India: Warburg Pincus exploring stake sale in solar energy firm CleanMax

Global private equity firm Warburg Pincus Llc is exploring stake sale in CleanMax, said two people aware of the development.

Despite the coronavirus pandemic, deal activity continues unabated in India’s green energy space. In what may rank among the largest solar rooftop and commercial and industrial (C&I) segment deals in India, the PE firm may be shortly appointing a banker to run the sale process.

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