GAIL in talks to buy stake in ACME Solar Holdings
NEW DELHI: GAILNSE -2.05 % has entered exclusive discussions to buy a stake in privately owned solar power generator ACME Solar holdings, according to four people aware of the matter.
The state-owned company formerly known as Gas Authority of India is said to be carrying out due diligence on solar power plants owned by ACME Solar.
It is yet to discuss financial terms with ACME’s shareholders, as per these sources.
