Megha Engineering and Infrastructure Buyout Deal
Sector: Power Generation (CCGT) • Location: Uttar Pradesh, India
Source: The Economic Times
PV Krishna Reddy plans to acquire Pamireddy Pitchi Reddy's 51% stake in Megha Engineering and Infrastructure for around Rs 12,000-15,000 crore. The deal involves raising funds through asset monetization and financial institutions, with a target completion by March 2027. Assets considered for monetization include a power transmission project in western Uttar Pradesh and the city gas unit operating
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Participants
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Status
Original status | Planned |
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Description
Description | PV Krishna Reddy plans to acquire Pamireddy Pitchi Reddy's 51% stake in Megha Engineering and Infrastructure for around Rs 12,000-15,000 crore. The deal involves raising funds through asset monetization and financial institutions, with a target completion by March 2027. Assets considered for monetization include a power transmission project in western Uttar Pradesh and the city gas unit operating in multiple states. The deal formalization involved a former chief justice of India and has been in progress for over two years. |
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Original Currency | USD |
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Source
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Data quality score | 100% |
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URL | obfuscated_data,obfuscateddata.com |
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