NEW DELHI : Singaporean conglomerate Keppel Corp. is among suitors for Warburg Pincus LLC’s majority stake in rooftop solar power producer CleanMax Enviro Energy Solutions Pvt. Ltd, said two people aware of the development.
The proposed transaction is valued at around $200 million, with Rothschild handling the sale process, said the people cited above, requesting anonymity. The deal value includes new investments in Mumbai-based CleanMax, they said.
“The deal contours involve sale of Warburg Pincus’ stake and to raise more capital for future investments,” said one of the two people cited above.
Mint could not immediately ascertain the names of the other suitors for CleanMax.
