Global Infrastructure Partners to acquire RattanIndia’s solar assets

Global Infrastructure Partners (GIP) is in advanced talks to acquire RattanIndia Power Limited’s solar power assets. The enterprise value of the transaction is expected to be Rs 21.01 billion. Currently, due diligence of solar assets by GIP has been completed and the documentation work is under progress. The acquisition is expected to be completed by end- May 2019. RattanIndia has a project portfolio of about 300 MW including both ground-mounted and rooftop solar projects. Of the total capacity, 154 MW of ground-mounted solar plants are under development, while 116 MW of capacity is already operational.