JP Morgan Asset Management reportedly plans to sell its stake in Indian wind developer Leap Green Energy for up to $225 million. To access this article please sign-in below or register for a free one-month trial.
JP Morgan Asset Management Holdings, the investment arm of JP Morgan Chase, is set to sell half of its 75% stake in an Indian wind energy developer. The stake in Leap Green Energy is thought to be worth $100m . JP Morgan reportedly bought the stake at $225m in tranches one-month . The Indian renewable energy market has seen increasing investment from foreign private equity funds since it announced aggressive policy measures to boost growth in the sector.