Hyderabad-based Greenko Group and Hero Future Energies Pvt. Ltd are in separate negotiations with Singapore’s AT Capital Group to buy Orange Renewable, Mint reported, citing people aware of the development.
New Delhi-headquartered Orange Renewable is a fully owned subsidiary of AT Holdings Pte. Ltd. It has an operating renewable energy capacity of 758 megawatt. This comprises wind energy capacity of 567 MW and solar projects of 191 MW. The projects are spread across seven states in the country.
“There were earlier discussions with ReNew Power that didn’t reach fruition, post which both Greenko Group and Hero Future Energies are interested in Orange’s portfolio,” the report cited one person as saying.
AT Capital’s global portfolio includes investments in real estate, hospitality, natural resources, renewable energy, engineering and construction.
In another report, Mint said that early-stage investment firm DSG Consumer Partners has invested £500,000 (Rs 4.2 crore) in London-based baby food company Piccolo Foods Ltd.
Piccolo will use the capital to grow its food business in the UK and enter new markets in Southeast Asia and India, the report said, citing a company statement.
Piccolo Foods was incorporated in 2014. Catherine Gazzoli, founder of Piccolo, owns more than 50% of the company, according to information on the UK government’s website.
Deepak Shahdadpuri-led DSG Consumer Partners focuses on investing in consumer-oriented startups. In India, it has previously invested in companies such as cold-pressed juice manufacturer Raw Pressery, specialty food ingredients maker Veeba Foods, restaurant reservations platform Eazydiner, personal coaching firm GOQii and frozen dry fruit and vegetable firm Saraf Food.
In August, DSG had hit the final close for its second fund at $50 million.