Authum Investment Wins Bid for Wind World India Assets Worth ₹350 Crore
Authum Investment & Infrastructure Limited has successfully bid for Wind World (India) Limited assets through a consortium deal valued at approximately ₹350 crore. The acquisition is currently awaiting approval from the National Company Law Tribunal (NCLT) before completion. This development represents a significant move in the renewable energy sector with collaborative investment approach.
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Authum Investment & Infrastructure Limited has announced its successful participation in the bidding process for Wind World (India) Limited, marking a significant development in the renewable energy acquisition space.
Acquisition Details
The company has secured the bid through a consortium arrangement, with the total asset purchase value estimated at approximately ₹350 crore. The transaction structure involves multiple parties working together to acquire the wind energy assets.
| Parameter: | Details |
|---|---|
| Target Company: | Wind World (India) Limited |
| Acquisition Value: | Around ₹350 crore |
| Structure: | Consortium-based purchase |
| Current Status: | Pending NCLT approval |
Regulatory Approval Process
The completion of this acquisition is contingent upon receiving approval from the National Company Law Tribunal (NCLT). This regulatory step is essential for finalizing the asset transfer and ensuring compliance with corporate restructuring requirements.
Strategic Implications
The successful bid positions Authum Investment & Infrastructure Limited as a key player in the renewable energy asset acquisition market. The consortium approach demonstrates collaborative investment strategies in the wind energy sector, potentially enabling shared expertise and resources for asset management.
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