 "Power transmission projects hit by delays, red tape")
Renewables company Greenko, backed by Singapore's GIC and Abu Dhabi Investment Authority, is seeking to buy the Anil Ambani-led Reliance Infrastructure's Mumbai electricity business for Rs 13,000-14,000 crore ($2.15 billion), the Economic Times reported on Monday while citing sources familiar with the development.
According to the financial daily, Greenko has submitted a time-bound and non-binding offer and is waiting for Reliance Infra's response to enter into exclusive negotiations. However, the report added that the offer would cease to be valid this week unless Greenko and Reliance Infra agreed to exclusive negotiations.
The financial daily quoted a senior executive aware of
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