Hinduja Renewables Invites to Acquire Fourth Partner Energy's Majority Stake
Hinduja Renewables is the part of the Hinduja Group's green energy division has invited the tender for the Fourth Partner Energy's majority stake.
February 04, 2023. By News Bureau
The deal encompasses about the purchasing of the 52% share retained by Hyderabad-based Fourth Partner Energy from private equity firm TPG Capital for Rs 53 billion, with surplus primary capital infusion.
TPG Capital retains 52% of Fourth Partner through its effective investment division, The Rise Fund SF Pte. The Rise Fund bought an acquiring interest in Fourth Partner Energy in 2018 after making a $70 million investment.
Hinduja Renewables Energy Private Limited (HREPL) is entrusting to collaborate in India’s exploration for sustainable energy and green development.
Hinduja Renewables is a self-reliant, power generation to propel the organic and inorganic growth with the rising sustainable energy technologies.
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