Greenko, Enel and Torrent Power in race for BSES discoms
NEW DELHI: Enel Group of Italy, Torrent Power Ltd and Greenko Group have submitted non-binding offers to buy Reliance Infrastructure Ltd’s Delhi electricity distribution businesses, said two people aware of the development.
“The next step (for the bidders) is to do due diligence,” said one of the two people, requesting anonymity. The deadline to make a non-binding indicative offer for acquiring 51% stake each in BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL) ended on Friday.
KPMG is managing the stake sale process.
