Bank of America Corp. (BofA) is running the sale process for the deal, which has an equity value of around $163 million, and it is expected to be completed by February.
Mint reported on 28 December 2023 that Actis is one of the firms interested in the Stride platform, which has more than 415 megawatts (MW) of renewable assets in India. The other interested buyers were Gentari Sdn, a subsidiary of Malaysia’s state-run Petronas and Sekura Energy Ltd, backed by Edelweiss Infrastructure Yield Plus Fund.
Moneycontrol reported on 19 October that Actis is edging ahead of other suitors and emerging as the frontrunner to acquire Stride.
“The SPA has been inked with the Stride’s sale process…