Actis unit BluPine buys Acme solar assets for enterprise value of Rs 1,700 cr

BluPine Energy, a unit of London-based private equity firm Actis, has bought solar power assets from Acme group for an enterprise value of ₹1,700 crore, said people familiar with the matter. The acquired assets are housed in 14 special purpose vehicles.

“Binding agreements have been signed. The deal is subject to certain closing conditions,” said one of the persons cited above.