New Delhi, Aug. 15 -- Six bidders have been shortlisted to conduct due diligence for Vibrant Energy, Macquarie Asset Management's Green Investment Group (GIG) platform, two people aware of the development said.
Among the bidders are Singapore's Sembcorp Industries Ltd, Torrent Power Ltd, INOXGFL Group's Inox Green Energy Services Ltd, and General Atlantic-owned Actis LLP, the people said on condition of anonymity.
The deal for the commercial and industrial (C&I) platform, in a transaction called Project Notos, has an enterprise value of around $600 million and an equity value of around $300 million.
About a dozen bidders had submitted non-binding offers or NBOs-initial offers that do not legally commit to a purchase-for the transaction...
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