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ONGC-NTPC Joint Venture Powers Up With Ayana Deal
Hindustan Times Navi Mumbai
|February 13, 2025
ONGC NTPC Green Pvt. Ltd (ONGPL) has inked a deal to buy National Investment and Infrastructure Fund Ltd (NIIF)-backed Ayana Renewable Power Pvt. Ltd for an equity value of ₹6,600 crore, two people aware of the development said.
NEW DELHI:
Bengaluru-headquartered Ayana Renewable is majority-owned by NIIF. Its other shareholders include the UK government's British International Investment (BII) and Eversource Capital who have invested $1 billion in the business. While BII launched Ayana in 2018, NIIF and Eversource invested in it in 2019.
This story is from the February 13, 2025 edition of Hindustan Times Navi Mumbai.
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