CDPQ to buy 10% more stake in Apraava Energy

Apraava Energy on Tuesday said its promoter Hong Kong-based CLP Group has decided to offload 10% stake in the company to CDPQ Infrastructures for `660 crore. Post deal, CLP Group and CDPQ Infrastructures will hold equal share in the company.

Apraava Energy managing director Rajiv Mishra said the company targets to double its business in the next 3-4 years and the deal enables the vision. He said the company will stick to the electricity segment including green energy generation, power distribution and transmission and smart meter businesses.