The Mumbai circle licence, along with the generation, transmission and distribution assets, will be carved out and transferred to a subsidiary and then sold, explained the official mentioned above. Indian renewables company Greenko is in talks to acquire Reliance Infrastructure's Mumbai electricity business for INR100bn-130bn ($1.75bn-$2bn), said people familiar with the matter. The deal would be India's biggest ever and one of its largest deals ever, they said. Hong Kong-based utility holding company CLP has also discussed acquiring the Mumbai business with Reliance, however, Greenko is the frontrunner, according to several sources.
Indian renewables company Greenko is in talks to acquire Reliance Infrastructure's Mumbai electricity business for INR100bn-130bn ($1.75bn-$2bn), said people familiar with the matter. The deal would be India's biggest ever and one of its largest deals ever, they said. Hong Kong-based utility holding company CLP has also discussed acquiring the Mumbai business with Reliance, however, Greenko is the frontrunner, according to several sources.