Mergers & Acquisitions

Essel in talks with Adani for solar assets sale

Following UK-based private equity investor Actis dropping the purchase plan, debt-laden Essel Infraprojects is reportedly negotiating the deal with Adani Group for Rs 1,800-2,000 crore.

Borosil Glass Works’ solar business consolidation likely to wrap up soon

Borosil Glass Works plans to consolidate its solar business by amalgamating Gujarat Borosil, Vyline Glass and Fennel Investments, while simultaneously demerging its consumer and scientific glassware business. Post restructuring, Borosil Glass Works will be renamed as Borosil Renewables.

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Suzlon sells two more solar subsidiaries to Ostro Energy

Suzlon Energy is selling Shreyas Solarfarms and Aalok Solarfarms to Ostro Energy—a wholly owned subsidiary of independent power producer ReNew Power—for Rs 19.87 crore and Rs 9.93 crore, respectively.

Analysis: Siemens’ move for Kaco unlikely to threaten Indian jobs

The German giant – which manufactures central inverters near Mumbai – announced plans last week to acquire Kaco and start a new smart infrastructure business from April 1. In light of those moves, pv magazine spoke to IHS Markit’s Cormac Gilligan about the new kid, albeit huge, on the block.

Siemens bids to take over fellow inverter maker Kaco

The German powerhouse – which makes central inverters for PV projects in India – wants to complete the acquisition by July. Indian employees will be hoping target company Kaco’s disposal of its central inverter operation last month will avert job losses by removing any potential overlap between the manufacturers.

GE to combine renewable and grid assets

General Electric (GE) intends to consolidate all of its renewable and grid assets into a single unit, intensifying focus on the growing renewable energy market.

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