Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
The total value of
the transaction is around $193 million, or roughly ₹1,640 crore at an exchange
rate of ₹85 per $1. The transaction is
expected to close after the completion of contractual obligations and
conditions precedent, including receipt of lender approval, the Nasdaq-listed
company said in a regulatory filing with the US Securities and Exchange
Commission (SEC).
“Under the
agreement, ReNew Pvt Ltd, the parent of RSWPL, will sell 100 per cent of the
shareholding and economic interest in RSWPL. The enterprise value determined under the agreement is around $176
million, subject to net current assets and other adjustments as provided in the
definitive documents,” it added.
Additionally,
around $17 million is expected to be received as an earn-out due to change in
law proceeds related to the increase in basic customs duty (BCD), safeguard
duty (SGD), and goods and services tax (GST), after the first payment is
received by RSWPL. The 300 MW SECI solar project is located in Jaisalmer,
Rajasthan, and has been operational for around three years. The tariff for the 25-year power purchase
agreement is ₹2.55 per unit.
