<article><p>French energy company <strong><a href="https://www.dealstreetasia.com/?s=ENGIE SA" target="_blank" rel="noopener noreferrer">ENGIE SA </a></strong>will sell 74% stake in its solar business in India to <strong><a href="https://www.dealstreetasia.com/?s=Edelweiss Infrastructure Yield Plus (EIYP)" target="_blank" rel="noopener noreferrer">Edelweiss Infrastructure Yield Plus (EIYP)</a></strong> fund.</p></article>

ENGIE wants to dilute this stake in the backdrop of the Andhra Pradesh government’s decision to revise its renewable energy contracts.

France’s ENGIE sells 74% stake in India business to Edelweiss’ fund

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

You may also like

Temasek, EQT officially launch $500m renewable energy platform in India

Suzlon Energy to offer Indian banks 68% haircut on debt recast deal

Read more from India

India: Advent to invest $175m for significant minority stake in Felix Pharma

India Deal Review: Startup funding edges up in May but still below year-ago levels