Mumbai: Leading infrastructure investor Global Infrastructure Partners (GIP) is in advanced negotiations to buy the solar portfolio of RattanIndia Power Ltd (formerly India Bulls Power) for an enterprise value of about $300 million (Rs 2,000 crore), multiple people aware of the development told ET.
“Due diligence of solar assets by GIP is over and currently the documentation work is on. The deal is expected to be closed in a month,” said one of the persons cited above.
A GIP spokesperson declined to comment, while a RattanIndia Power spokesperson said “the information is speculative.”
