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Tuesday, September 20, 2016

Greenko to buy SunEdisons Indian assets for $315 million

Sun Edsion US based company, sells its Indian portfolio to Hyderabad based Greenko Energy Holdings for $315 million($30 million equity value and $280 million debt.)-cheaper rate

Greenko which already has its presence in hydro, wind, biogas and natural gas sectors, now also adds solar power to its kitty.

Previously lost a bid to acquire solar business of Welspun India Limited.