 "Workers are silhouetted against the setting sun at a construction site during the nationwide lockdown, on the eve of Labour Day, in Navi Mumbai")
On April 27, PE firm KKR said it will buy Shapoorji Pallonji group's solar assets. Whhie the lockdown has impacted mergers and acquisitions across businesses, companies and deal consultants are certain that renewable power assets would be the first to go up on sale on the curbs are lifted. Another area that is likely to see hectic M&A activity is the road sector.
For both the segments, the industry remains hopeful that funds - including pension, sovereign wealth and private equity - will be willing to invest post lockdown. The number of assets up for sale may, however, exceed buyer
