Tuesday, March 18, 2025 | 01:08 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Greenko looks to buy Reliance Infra Mumbai electricity biz for Rs 14,000 cr

Greenko has submitted a time-bound and non-binding offer and is waiting for Reliance Infra's response

Power transmission projects hit by delays, red tape
Premium

BS Web Team New Delhi
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

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in