 "Energy, Solar energy, Wind Energy")
Investment firm Actis has acquired a 100 per cent stake in Gujarat-based Stride Climate Investments, a solar power portfolio in India, from Macquarie Asset Management, the company said.
The enterprise value of the deal is about $325 million, according to people familiar with the matter.
The deal’s equity value is around $163 million, they said.
Stride’s portfolio comprises 371 megawatts (414MWp) of operational solar projects across 21 sites in seven states, with a significant concentration in Gujarat. The assets have long-term power purchase agreements with both the central and state governments and private buyers, according to the statement.
“The acquisition
