Actis backed BluPine Energy buys Atha Group’s 404 MW solar power assets

Actis Llp’s BluPine Energy has completed the acquisition of 404 MW solar power assets from Atha Group.

The enterprise value of the deal is Rs 20 billion. The acquisition will enable BluPine to support India’s energy transition by targeting 4 GW of portfolio capacity over the next 4 – 5 years. Kotak Investment Banking advised BluPine and Avendus Capital advised Atha Group on the execution of this transaction.

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