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.
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. With 3 million customers, the Mumbai business is India's largest private sector integrated power utility. 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.