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Thursday, January 31, 2013 - 11:52 IST
DLF sells part of wind power asset to VC-backed Bharat Light & Power for $90M
BY Pooja Sarkar & Bhawna Gupta
This is first leg of the deal which would be followed by sale of the remaining asset to the same firm founded by Tejpreet Singh Chopra, former chief of GE India.
DLF Ltd has struck a deal to sell a part of its wind power asset to Bharat Light & Power Pvt Ltd for Rs 282.3 crore ($53 million) in cash as it continues its strategy to exit non-core...
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