New Delhi, Feb. 12 -- ONGC NTPC Green Pvt. Ltd (ONGPL) has inked a deal to buy National Investment and Infrastructure Fund Ltd (NIIF)-backed Ayana Renewable Power Pvt. Ltd for an equity value of Rs.6,600 crore, said two people aware of the development.

An announcement to this effect is to be made today. Mint reported on 7 November 2024 that a combine of state-run Oil and Natural Gas Corp. Ltd (ONGC) and NTPC Ltd had secured exclusivity to close the deal.

"The deal involves the complete sale of Ayana to ONGPL," said one of the two people mentioned above on the condition of anonymity.

The deal will rank among the largest transactions in India's green energy space. Standard Chartered is running the deal process. Ayana has a 5-gigawatt (GW...