SoftBank Group Corp is in talks to sell a majority stake in its renewable energy joint venture in India as it looks to raise cash after facing setbacks to its global investments, India’s Economic Times daily reported on Thursday.
As part of the move, the Japanese technology and investment giant has been in talks with sovereign wealth and pension funds from the Far East and Gulf regions, as well as some Silicon Valley technology giants, the report said, citing people in the know of the matter.
A SoftBank representative in India did not immediately respond to an email request from Reuters for comment.
