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Airtel Makes its Foray into Solar Through the Group Captive Model

Acquires 26% stake in AMPSolar for $1.2 million through the group captive model

October 22, 2019

/ Staff
/ Finance and M&A, Solar,
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Leading telecom operator Bharti Airtel Limited has entered into an agreement with AMPSolar Evolution Private Limited (AMPSolar), a wholly-owned subsidiary of AMPSolar Technology Private Limited (AMP), to acquire equity shares and compulsorily convertible debentures (CCDs) as part of a group captive solar project deal.

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Staff

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AirtelAMPAMPSOLARCaptive ModelGroup CaptiveSolar EnergySPVUttar Pradesh
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