How the returns stack up for NIIF, BII and Eversource in exit from energy firm

Pro

Last month, a joint venture of state-run explorer Oil & Natural Gas Corp and NTPC Green Energy Ltd agreed to acquire Ayana Renewable Power Pvt. Ltd from its three shareholders at an enterprise value of Rs 19,500 crore ($2.3 billion).  But apart from the enterprise value, which includes debt, neither the ......