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Cleantech Solar promoters in India are in talks to sell a majority share.
Utpal Bhaskar contributed to this article.
2 July 2021
According to two persons familiar with the situation, Cleantech Solar Energy’s promoters want to sell their controlling position in the green energy company funded by Royal Dutch Shell.
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Solar Cleantech
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Deals
Cleantech Solar, based in Singapore, has secured a $75 million green loan from ING Bank.
The money will be used to help Cleantech expand throughout Southeast Asia.
Deals
Shell has purchased a 49 percent share in Cleantech Solar, a Singapore-based company.
After 2021, the Anglo-Dutch firm will have the option to raise its stake in Cleantech. The transaction is scheduled to be completed in January 2019.
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