Mytrah Energy India Pvt Ltd (MEIPL), an independent producer of renewable energy, is in advanced stages of talks for divestment of stake.
According to unconfirmed reports, Brookfield Asset Management Company Inc of Canada, an active investor in various sectors in India, is engaged in parleys with the company to invest in the latter’s assets valued at about $1.5 billion.
When contacted, a Mytrah Energy spokesperson said, “At this point, we have no comments.”
The Hyderabad-based company, which was earlier listed on the Alternative Investment Market (AIM) of the London Stock Exchange, got itself de-listed later. The company, which has a portfolio of about 2000 MW (2 giga watt) of wind and solar projects in the country (including those in pipeline) spread across several States, has been planning to significantly expand its portfolio.
