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Business Standard

KKR to buy Shapoorji Pallonji Group's solar assets for Rs 1,554 crore

The deal is part of KKR's strategy to increase its presence in Asia's infrastructure sector and today's transaction is the firm's second investment in the country as part of its dedicated plan

Topics
Shapoorji Pallonji group | Shapoorji Pallonji | KKR India

Dev Chatterjee  |  Mumbai 

Renewable Energy, solar, wind, clean, green
KKR has evolved a traditional sector-based approach to infrastructure – spanning assets such as transportation, energy, telecom, water and waste, among other segments

With equity commitments worth Rs 2,500 crore to several ongoing projects pending, and debt levels rising, Shapoorji Pallonji Group (SP Group) on Monday sold its solar power assets to global financial powerhouse KKR for Rs 1,550 crore in a fire sale.

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Read our full coverage on Shapoorji Pallonji group

First Published: Mon, April 27 2020. 11:27 IST

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