ONGC NTPC Green Pvt Ltd (ONGPL) is acquiring a 100% stake in Ayana Renewable Power for $700-750 million. The deal values Ayana at $1.7-1.8 billion and includes 4.6 GW of operational and under-construction renewable energy assets. This acquisition boosts ONGC’s green energy goals and expands NTPC Green’s portfolio, offering an exit to Ayana’s existing investors.
ONGC, NTPC Green JV set to buy Ayana Renewable for $750 million
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