Stake in Hero’s Green Energy arm to be bought by Abu Dhabi,s masdar for $150m

Making its entry into renewable energy area in India, national capital government-owned energy company Masdar Clean Energy is geared up to amass concerning 20% stake in Hero Future Energies, the renewable energy arm of the Hero group of the Munjal family, for $150 million, said 2 individuals tuned in to the event.

Post the dealings, Masdar can own a 20% stake, who can own a 27% stake whereas the remainder is controlled by promoters. ....