M&A

M&A

Sembcorp, Enfinity, JSW Group shortlisted to acquire Mytrah Energy

Mint  

Singapore's Sembcorp Industries Ltd, Enfinity Global Inc and JSW Group have been shortlisted to acquire green energy producer Mytrah Energy India Pvt Ltd in a deal potentially worth around USD 2 billion in enterprise value. Barclays Bank is managing the sale after an earlier deal with private equity firm KKR fell through. Mytrah has one of the largest wind databases in India with an operational portfolio of 2.3 gigawatts (GW). This includes 1.7GW of wind and around 535MW of solar power. It also has 700MW of projects under development.