CLP India, Piramal look to buy Mahindra Susten’s solar assets
MUMBAI: Mahindra Susten, the renewable business arm of Mahindra group, which is in the process of selling 160 megawatts (MW) of solar assets, has received interest from two potential buyers, CLP India and the Piramal group, said two people aware of the development, requesting anonymity.
Mint had reported in April that the Mahindra Group had appointed investment bank Avendus to seek buyers for a part of its solar portfolio.
“They (Mahindra Susten) have received interest from CLP India and Piramal, which recently tied up with Canadian pension fundCPPIB, to buy renewable assets under an infrastructure investment trust (InvIT) structure.
