New Delhi, Jan. 28 -- General Atlantic-owned Actis LLP has inked the sales and purchase agreement (SPA) to buy Macquarie Group Ltd's green energy platform Stride Climate Investments in a deal with an enterprise value of around $325 million, said two people aware of the development.

Bank of America Corp. (BofA) is running the sale process for the deal, which has an equity value of around $163 million, and it is expected to be completed by February.

Mint reported on 28 December 2023 that Actis is one of the firms interested in the Stride platform, which has more than 415 megawatts (MW) of renewable assets in India. The other interested buyers were Gentari Sdn, a subsidiary of Malaysia's state-run Petronas and Sekura Energy Ltd, backed by ...