Brookfield eyes majority stake in Mytrah Energy in deal valued at $1.5 bn

Mytrah has a portfolio of 1.6 Gw in renewable energy assets across India, seeks investor to repay Rs 1,800 cr loan taken from Piramal Group in Sept 2017 to buy out its PE investors

Canada’s Brookfield Asset Management, which owns renewable assets worth over $47 billion globally, is looking to acquire a majority stake in Mytrah Energy Ltd in a deal that could value it at $1.5 billion, the Mint newspaper reported, citing people familiar with the development.

Hyderabad- and London-based Mytrah has a portfolio of 1.6 gigawatt of renewable energy assets across India and is looking for an investor to repay a loan of Rs 1,800 crore that it had taken from Piramal Group in September 2017 to buy out its private equity investors, the report said. 

If this deal goes through, it would be