MUMBAI: Private equity investor Actis LLP has scrapped its plan to buy the solar assets of debt-laden Essel Infraprojects Ltd, two people aware of the development said.
Subhash Chandra-promoted Essel Infra has now initiated talks with ACME Solar Holdings Ltd to sell the same solar energy assets, said the first of the two persons cited above, both of whom spoke on condition of anonymity.
The potential deal with Actis had an estimated value of ₹4,700 crore for 685 megawatts of Essel’s installed and under-construction projects.
