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 Limited , the investment arm of JP Morgan Chase , is set to sell half of its 50 % stake in an Indian wind energy developer . The stake in Leap Wind India is estimated to be worth $ 225 m . JP Morgan reportedly bought the stake at $ 100 m in tranches since 2010 . 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 .