The joint venture, Ample Parks, was launched in 2022, with the investment plans being announced last year
The deal sees Actis take charge of Stride’s 371MW (414MWp) portfolio of operating solar PV assets spread across 21 projects in 7 states, the majority of which are concentrated in the state of Gujarat
Mahindra Lifespaces and Actis announced the collaboration in 2022, with the joint venture aimed at developing industrial and logistics infrastructure across India
Profectus Capital is registered with the RBI as a systematically important non-deposit-taking NBFC and focuses on two clusters - services and manufacturing
The fundraise also saw participation from various domestic institutional investors such as mutual funds, corporate treasuries and pension funds.
This is the second roads portfolio to be acquired by Actis in India, through its Long-Life Infrastructure Fund.
Actis will own a majority stake and Mahindra Lifespaces will have a significant minority with total investment over the initial years including debt to be Rs 2,200 crore.
Actis’ new platform, called Bridgin Power, aims to build a portfolio of 1.2 gigawatts by 2028.
Rx Propellant is a leading player in the life sciences real estate sector.
Shell is seen as a strong contender for the business, though Sprng’s private equity owner Actis is still evaluating the offers.
TRIL has bought entire equity share held by Actis TREIT Holdings No 2 (Singapore) Pvt Ltd (Actis TREIT 2) and 416 listed NCDs held by Actis TREIT Holdings No 1 (Singapore) Pvt Ltd in TRIL IT4 Pvt Ltd in an all-cash deal, a company statement said.
Investment in the grid-connected solar and wind parks platform will be around $600 million and for the C&I platform will be around $250 million.
The order came after Super-Max approached the court, alleging that Delhi Police’s Economic Offences Wing failed to act on his complaint in June 2020
Actis' move comes after its acquisition of Shapoorji Pallonji's 194MW solar assets for $200 million in March.
Essel has a total portfolio of 23 projects, under various stages of development, with nearly 310 MW of operational solar power facilities, and another 375 MW capacity under construction.
The company has a strong cash flow and does not need the money that would come from the IPO, said Anurang Jain, MD, Endurance Technologies.
The UK-based PE player is selling its shareholding to Addlife Investments, a company promoted by Patel, the current chairman of Sterling, Actis said in a statement.
Snack maker Balaji Wafers is in separate talks with private-equity funds, including Blackstone Group and Actis, to raise between USD 100 million and USD 125 million.
Tour operator Thomas Cook has received at least eight bids, including from private equity firms Kohlberg Kravis Roberts and Carlyle Group, for buying the company's stake in its Indian unit, the Business Standard reported on Thursday.
Private equity fund Actis is likely to exit the lightings maker Halonix (formerly known as Phoenix Lamps), reports CNBC-TV18’s Nimesh Shah quoting sources.
Halonix touched an intraday high of Rs 104.40 and an intraday low of Rs 88. At 13:53 hrs the share was quoting at Rs 101, up Rs 13.50, or 15.43%.