ACME Cleantech Solutions signs deal with Actis Capital for 600 MW solar projects sale
ACME Cleantech Solutions has signed an agreement with Actis Capital for the sale of solar photovoltaic projects in India with a combined capacity of 600 MW.
The deal represents about INR30 billion (US$403 million) of investment. The equity value of the transaction is about INR9 billion (US$120 million).
The proceeds will be used by ACME Cleantech Solutions to finance the additional capacity and repay a debt to Piramal Finance Ltd.
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