"As always, this investment follows our prudent investment criteria to add value, reflecting carefully managed risks, ” said Yinson Group CEO Lim Chern Yuan in a statement.
KUALA LUMPUR: Yinson Holdings Bhd
, through its wholly-owned subsidiary Yinson Renewables (S) Pte Ltd, has entered into an agreement to acquire an additional 57.5% equity interest in Rising Sun Energy Private Ltd (RSE), an India-incorporated company with two operational solar plants in the Bhadla Solar Park, Rajasthan.
Yinson will pay 1.1 billion Indian rupees (RM61mil) for the stake, subject to completion conditions. Upon completion of the transaction, Yinson will hold a controlling stake of 95%, bringing the group’s total investment in RSE to 2.3 billion rupees (RM126mil).
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