In India, First Solar has supplied over 1gigawatt (GW) worth of panels while globally its supplies are worth over 17 GWs, according to the company's website.
Vedanta is negotiating to buy a 26% stake to begin with and that in turn will trigger an open offer, giving it the opportunity to get a controlling ownership, sources said.
Nirma has emerged as a key contender for Tronox Alkali in Green River, Wyoming, for $1.5-2 billion, said multiple sources aware of the talks.
ReNew has already submitted a non-binding offer and is conducting due diligence, the sources said. Orange is promoted by Singapore's AT Capital.
The bond have been priced at 5.1% with five and seven year maturities. Securities worth $650 million will mature in seven year while the rest liability will cease to exist in five years.
The firm will make off-road utility vehicles as the $19 billion conglomerate looks to double its bets in one of the world’s most important markets.
The share buyback was aided by a $400-million credit line from a consortium of four global banks led by Barclays against Rajaram’s shares and the company’s cash.
The sale will help the company refinance the debt that it inherited along with the acquisition of the 350 MW India portfolio of the bankrupt Sun Edison last year.
With Etihad already on board, Jet only has limited headroom and can bring on board another strategic partner by selling up to 24%. This could help Jet raise Rs 1,651.2 crore.
"There has been differences in Shriram and with IDFC too there will be. But that's where the role of the leadership comes into play."
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