Just Climate-backed Continuum Green Energy files for $430 mn IPO
Indian renewable energy company Continuum Green Energy Ltd, which is backed by UK-based sustainable investor Just Climate and private equity investor Morgan Stanley Infrastructure Partners, has filed draft papers to float an initial public offering worth Rs 3,650-crore ($430 million). The IPO, which comes amid a spate of renewable energy companies tapping ......
Rayzon Solar plans to go public as IPO boom draws renewable energy firms
Surat, Gujarat-based solar panel manufacturer Rayzon Solar could soon move to float an initial public offering (IPO), joining a growing number of renewable energy companies tapping the capital markets. The company is looking to file its draft papers with the capital markets regulator Securities and Exchange Board of India in coming ......
Actis-backed Blupine Energy acquires select India assets from Acme Group
BluPine Energy Pvt. Ltd, a renewable energy platform established in India by the UK-based private equity firm Actis, on Monday said it has completed the acquisition of 369 megawatts (MW) solar power assets from Indian renewable energy producer Acme Group. While, the companies declined to disclose transaction details of the deal, ......
ACME’s multi-billion-dollar plans are hitting its prospects. Can it spring a surprise?
Four years ago, solar energy producer ACME Group was facing an existential crisis of sorts. But last year, it announced three projects in a new vertical that could cost over $15 billion and could again put its financial position in jeopardy. Consider this: In March 2022, ACME announced an equal joint venture with Norwegian renewable energy company Scatec to set up a green ......
ACME loses JV partner for multi-billion-dollar project in Middle East
Indian renewable energy producer ACME Group’s plan to set up a multi-billion-dollar green ammonia project in the Middle East has run into rough weather after its joint venture partner decided to pull out, VCCircle has gathered. ACME, led by founder and chairman Manoj K Upadhyay, had in March 2022 agreed to form ......
Bottomline: NIIF-controlled Ayana loses momentum as revenue growth slows, profit slumps
The financial year 2023-24 was not a particularly fruitful one for green energy company Ayana Renewable Power Pvt Ltd as it recorded a decline in its net profit and a slowdown in revenue growth. Ayana, which is 51% owned by the Indian government-backed National Investment and Infrastructure Fund (NIIF) and counts ......
We don't play on cost, can reject low-paying mandates: IndusLaw's M Arun Kumar
IndusLaw, one of India’s largest law firms by number of partners and lawyers, has been rocked in recent months by the departure of many partners and lawyers. However, the firm has a strong presence in several practice areas and doesn’t need to play on costs to get clients, says M. ......