{"id":409354,"date":"2021-04-06T10:33:17","date_gmt":"2021-04-06T05:03:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=409354"},"modified":"2021-04-06T10:35:54","modified_gmt":"2021-04-06T05:05:54","slug":"softbank-may-retain-nearly-10-stake-board-representation-in-sb-energy-deal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/softbank-may-retain-nearly-10-stake-board-representation-in-sb-energy-deal\/","title":{"rendered":"SoftBank may retain nearly 10% stake, board representation in SB Energy deal"},"content":{"rendered":"<p>Japan\u2019s SoftBank Group Corp. may retain around 10% stake and board representation in SB Energy Holdings after selling its controlling stake to Canada Pension Plan Investment Board (CPPIB), two people aware of the development said.<\/p>\n<p>SoftBank currently owns 80% in SB Energy, which has a 7.7 gigawatts (GW) solar power portfolio in India. The rest 20% stake is held by Bharti Enterprises Ltd.<\/p>\n<p>The joint venture agreement for the deal, one of the largest green energy transactions in India, is expected to be signed shortly. Once the sale is completed, CPPIB will become the majority owner of SB Energy. Bank of America (BofA) and Barclays are managing the sale process.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japan\u2019s SoftBank Group Corp. may retain around 10% stake and board representation in SB Energy Holdings after selling its controlling stake to Canada Pension Plan Investment Board (CPPIB), two people aware of the development said. SoftBank currently owns 80% in SB Energy, which has a 7.7 gigawatts (GW) solar power portfolio in India. The rest 20% stake is held by Bharti Enterprises Ltd. The joint venture agreement for the deal, one of the largest green energy transactions in India, is expected to be signed shortly. Once the sale is completed, CPPIB will become the majority owner of SB Energy. Bank [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-409354","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/409354","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=409354"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/409354\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=409354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=409354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=409354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}