“Brookfield has been engaged in talks to acquire a majority stake in Mytrah and they are currently conducting due diligence on the company’s portfolio of renewable assets," the first person cited above said, requesting anonymity. The stake sale could be valued at more than $1 billion, reaching up to nearly $1.5 billion given the size of Mytrah’s portfolio, he added. Mytrah operates renewable projects across Rajasthan, Gujarat, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Punjab and Tamil Nadu. Mint reported in August 2018 that Canada’s largest pension fund manager Canada Pension Plan Investment Board (CPPIB) was in talks to acquire a majority stake in Mytrah. It owns 7,900 MW of hydroelectric power generating assets, around 4,800 MW of wind assets and 1,400 MW of solar assets.

Source: Mint April 21, 2019 13:52 UTC