{"id":338654,"date":"2020-02-22T12:10:04","date_gmt":"2020-02-22T06:40:04","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=338654"},"modified":"2020-02-22T12:33:40","modified_gmt":"2020-02-22T07:03:40","slug":"mahindra-renewables-to-sell-stakes-in-3-arms-for-nearly-%e2%82%b9340-cr","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mahindra-renewables-to-sell-stakes-in-3-arms-for-nearly-%e2%82%b9340-cr\/","title":{"rendered":"Mahindra Renewables to sell stakes in 3 arms for nearly \u20b9340 cr"},"content":{"rendered":"<p>Mahindra &amp; Mahindra on Friday said its wholly-owned arm Mahindra Renewables will sell its entire stake in three subsidiaries to CLP India, a part of Hong Kong-based CLP Group, for nearly \u20b9340 crore.<\/p>\n<p>Mahindra Renewables Pvt Ltd (MRPL) has agreed to sell its entire stake aggregating 100 per cent of the paid-up equity share capital in Cleansolar Renewable Energy Pvt Ltd (CREPL), Divine Solren Pvt Ltd (DSPL) and Neo Solren Pvt Ltd (NSPL), wholly-owned subsidiaries of MRPL, to CLP India Pvt Ltd, Mahindra &amp; Mahindra said in a regulatory filing.<\/p>\n<p>As per the share purchase agreement, CLP will acquire 96,23,000 equity shares of \u20b910 each in CREPL at a price of \u20b9113.11 per share, aggregating to \u20b9108.85 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mahindra &amp; Mahindra on Friday said its wholly-owned arm Mahindra Renewables will sell its entire stake in three subsidiaries to CLP India, a part of Hong Kong-based CLP Group, for nearly \u20b9340 crore. Mahindra Renewables Pvt Ltd (MRPL) has agreed to sell its entire stake aggregating 100 per cent of the paid-up equity share capital in Cleansolar Renewable Energy Pvt Ltd (CREPL), Divine Solren Pvt Ltd (DSPL) and Neo Solren Pvt Ltd (NSPL), wholly-owned subsidiaries of MRPL, to CLP India Pvt Ltd, Mahindra &amp; Mahindra said in a regulatory filing. As per the share purchase agreement, CLP will acquire 96,23,000 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-338654","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/338654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=338654"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/338654\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=338654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=338654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=338654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}