{"id":450987,"date":"2021-11-22T11:24:54","date_gmt":"2021-11-22T05:54:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=450987"},"modified":"2021-11-22T11:24:54","modified_gmt":"2021-11-22T05:54:54","slug":"fourth-partner-keppel-others-eye-majority-stake-in-cleantech","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fourth-partner-keppel-others-eye-majority-stake-in-cleantech\/","title":{"rendered":"Fourth partner, Keppel, others eye majority stake in Cleantech"},"content":{"rendered":"<p>Indian solar energy platforms Fourth Partner Energy, O2 Power, Eversource Capital and Singaporean conglomerate Keppel Corp are in separate discussions to acquire a majority stake in Cleantech Solar Energy, backed by Royal Dutch Shell, said people aware of the development. The proposed transaction is expected to value Cleantech at $400 million (about Rs3,000 crore).<\/p>\n<p>Promoter Raju Shukla, who owns a 51% stake in the holding company, will sell his stake, while Shell will retain its 49% stake, said one of the people. Standard Chartered Bank is advising the promoters to find a buyer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian solar energy platforms Fourth Partner Energy, O2 Power, Eversource Capital and Singaporean conglomerate Keppel Corp are in separate discussions to acquire a majority stake in Cleantech Solar Energy, backed by Royal Dutch Shell, said people aware of the development. The proposed transaction is expected to value Cleantech at $400 million (about Rs3,000 crore). Promoter Raju Shukla, who owns a 51% stake in the holding company, will sell his stake, while Shell will retain its 49% stake, said one of the people. Standard Chartered Bank is advising the promoters to find a buyer.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-450987","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/450987","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=450987"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/450987\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=450987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=450987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=450987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}