Mytrah revives process to sell a majority stake
Green energy producer Mytrah Energy India Pvt. Ltd has restarted the process to sell a majority stake, two people aware of the development said, after a proposed $750-million deal with private equity firm KKR fell through.
The Hyderabad-based company will soon hire an investment bank to find a buyer, the people cited above said on condition of anonymity.
The transaction is expected to be among the largest in India’s clean energy space, given that Mytrah has one of the largest wind data banks in the country. It has an operational portfolio of 2.3 gigawatts (GW)—including 1,700MW of wind and around 535MW of solar—apart from 700MW of projects under development.
