Announced
Vedanta-backed Sterlite Power and GIC to form a joint venture in a $1bn deal.
Financials
Transaction Value£815m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-
Sources
Tags
Private
Friendly
Majority
Pending
India
renewable energy
Renewable Energy Equipment
Acquisition
Cross Border
Joint Venture
Private Equity
Synopsis
Vedanta-backed Sterlite Power, a power transmission company, and GIC, a Singaporean sovereign wealth fund, agreed to form a joint venture in a $1bn deal.
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