News Analysis: 9/19/16

  • [Non fin, Critical] 17 Indian soldiers were killed in an attack at Uri, J&K
  • Greenko to buy SunEdison’s Indian portfolio for $315 million : Greenko, one of Indi’a fastest growing green energy companies will acquire 390MW of solar portfolio and 48MW of wind portfolio, in one of the biggest distress sales in the sector. A pipeline of 800MW will also be tranferred to Greenko

    SunEdison declared Chapter 11 bankruptcy on April 21st, wiping out nearly $10 billion in market value. SunEdison, the poster-child for the solar industry had invested tremendously in growth over the last couple of years, fuelled primarily by cheap credit.

  • Future Group in advanced talks to acquire Heritage foods: The deal will give the group control of more than 100 outlets in Southern India and will further consolidate their position in grocery retail.

    Shares jumped 8.6% driven by sales talks

  • Rajan returns to academia. Set to join Chicago business school.

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