Indian solar energy platforms Fourth Partner Energy, O2 Power, Eversource Capital and Singaporean conglomerate Keppel Corp are in separate discussions to acquire a majority stake in Cleantech Solar Energy, backed by Royal Dutch Shell, said people aware of the development. The proposed transaction is expected to value Cleantech at $400 million (about Rs3,000 crore).
Promoter Raju Shukla, who owns a 51% stake in the holding company, will sell his stake, while Shell will retain its 49% stake, said one of the people. Standard Chartered Bank is advising the promoters to find a buyer.
