Indian renewables company Greenko is in talks to acquire Greenko Mumbai electricity business for INR100bn-130bn ($ around $450 million ), said people familiar with the matter. Since past two years, cash-strapped Reliance Infrastructure has been looking at exiting capex-heavy businesses such as cement and roads to focus on the newer defence division. With 3 million customers, the Mumbai business is India 's largest private sector integrated power utility. India -based utility holding company Reliance Infrastructure's has also discussed acquiring the Mumbai business with Greenko , however, Greenko is the frontrunner, according to several sources.
Indian renewables company Greenko is in talks to acquire Greenko Mumbai electricity business for INR100bn-130bn ($ around $450 million ), said people familiar with the matter. With 3 million customers, the Mumbai business is India 's largest private sector integrated power utility. India -based utility holding company Reliance Infrastructure's has also discussed acquiring the Mumbai business with Greenko , however, Greenko is the frontrunner, according to several sources.