ThomasLloyd enters deal for full control of SolarArise India
Date
June 23, 2022
Type
M&A Transactions
Subtype
Transaction agreement announced
Countries
India
Subsectors
Multisector
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ThomasLloyd Energy Impact Trust PLC has entered into an agreement to acquire the remaining 57% stake it does not own in New Delhi-based solar plant operator SolarArise India Projects Private Ltd.
ThomasLloyd is a London-based Asia-focused renewable energy investment trust that currently owns a 43% stake in SolarArise. The deal is valued at a total of US$38.5 million to be paid in cash.
The closing of the transaction is expected to occur in the coming weeks.
