Infrastructure India has completed its takeover of Indian Energy, an independent power producer which operates wind farms in India. The transaction, through a scheme of arrangement, was valued at US$13 million.
The process for the all-share takeover began in December 2010, when Indian Energy began looking for suitable buyers or investors which could provide it with additional funding. Indian Energy decided that it would benefit from joining a larger group such as Infrastructure India, which has investments in a wider range of power and infrastructure projects.
Indian energy owns and operates two wind farms: the Gadag Plains wind farm in Karnataka and the Theni wind farm in Tamil Nadu. It intends to build a portfolio of wind farms with a total generating capacity of 300 MW by 2013. It is listed on the London Stock Exchange’s alternative investment market (AIM).
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章，欢迎成为我们的订阅会员成为我们的订阅会员。
