Thailand’s GPSC buys 42% in Avaada Energy for Rs 33.88 billion
Thailand based utility-Global Power Synergy Public Company (GPSC) has acquired 41.6% stake in India’s green energy company Avaada Energy Private for Thai Baht 14.82 billion (Rs 33.88 billion).
GPSC’s subsidiary Global Renewable Synergy Company will acquire the stake in Avaada in a deal which will be among the largest in the renewable energy space in India. The transaction comes close to the heels of Adani Green Energy’s announcement to buy SB Energy 5 gigawatts portfolio in a deal valued at $3.5 billion in May.
