SoftBank-backed SBG Cleantech has approached Brookfield for up to $600 million (Rs 4,530 crore at current exchange rate), people aware of the development told The Economic Times.
The investment will be used to complete its ongoing and future projects in India and the US.
The transaction could be a combination of a convertible instrument like mezzanine debt and equity, they added.
SBG Cleantech is an 80:20 joint venture between SB Energy, the renewables subsidiary of SoftBank Group, and Bharti.
“They have approached several potential investors with an offer to dilute around 30% of SB Energy’s stake in ...
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