{"id":452809,"date":"2021-11-30T11:09:45","date_gmt":"2021-11-30T05:39:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=452809"},"modified":"2021-11-30T11:09:45","modified_gmt":"2021-11-30T05:39:45","slug":"azure-power-3-others-looking-to-bid-for-actis-owned-sprng-energy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/azure-power-3-others-looking-to-bid-for-actis-owned-sprng-energy\/","title":{"rendered":"Azure Power, 3 others looking to bid for Actis-owned Sprng Energy"},"content":{"rendered":"<p>NYSE-listed Azure Power, Macquarie, KKRand ReNew Power are among players weighing a bid for private equity firm Actis-owned renewable energy company, SprngEnergy, according to multiple people aware of the matter.<\/p>\n<p>A successful bidder would have to cough up $1 billion or more to buy Actis&#8217;s stake in Sprng Energy, according to sources. The company also has $1 billion of debt, taking the enterprise value of the transaction to over $2 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NYSE-listed Azure Power, Macquarie, KKRand ReNew Power are among players weighing a bid for private equity firm Actis-owned renewable energy company, SprngEnergy, according to multiple people aware of the matter. A successful bidder would have to cough up $1 billion or more to buy Actis&#8217;s stake in Sprng Energy, according to sources. The company also has $1 billion of debt, taking the enterprise value of the transaction to over $2 billion.<\/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-452809","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\/452809","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=452809"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/452809\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=452809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=452809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=452809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}