BG Group Plc and Hong Kong-based CLP Group are gunning for real estate firm DLF Ltd's wind power business.Other Indian bidders are Adani Group, Essar Power and Infrastructure Leasing & Financial Services Ltd. The company has hired Ernst and Young to help sell the wind power business, which has a capacity of 250 megawatts.
Reasons for sale are to raise 20 billion rupees ($395 million) to restructure debt amid the real estate slowdown in the country.
No comments:
Post a Comment