Panorm Facilitates Acquisition of Green Energy Solutions in the Indian Solar Market
Panorm acted as the lead advisor in the acquisition of Green Energy Solutions (GES) by a prominent player in the Indian Solar Market. GES boasts a consolidated portfolio of 125 MW in the states of Maharashtra and Gujarat. This acquisition marks a significant milestone for Panorm as a financial advisor, and the company is delighted to have played a crucial role in facilitating this transaction.
The comprehensive study of potential buyers conducted by Panorm proved successful, resulting in the acquisition of GES. This achievement underscores Panorm’s expertise and demonstrates their commitment to delivering exceptional advisory services that drive successful outcomes for their clients.
In addition to its existing portfolio, GES has a robust order pipeline worth an additional Rs. 45 Crores in the current financial year. Furthermore, the company has secured orders exceeding Rs. 180 Crores for the following year. These orders hold strategic value for the acquiring company, as they will enhance and strengthen their own portfolio within the green energy sector in India.
Spokesperson for Panorm, expressed their satisfaction with the acquisition, stating, “We are thrilled to have played a pivotal role in the acquisition of Green Energy Solutions. This transaction is a testament to our capabilities as a leading investment banking firm. We are proud to have successfully facilitated the acquisition and helped our client expand their presence in the Indian Solar Market.”
The acquisition of Green Energy Solutions by the undisclosed prominent player highlights the growing significance of the green energy sector in India and the increasing interest of established market players in expanding their portfolio within this field.
The comprehensive study of potential buyers conducted by Panorm proved successful, resulting in the acquisition of GES. This achievement underscores Panorm’s expertise and demonstrates their commitment to delivering exceptional advisory services that drive successful outcomes for their clients.
In addition to its existing portfolio, GES has a robust order pipeline worth an additional Rs. 45 Crores in the current financial year. Furthermore, the company has secured orders exceeding Rs. 180 Crores for the following year. These orders hold strategic value for the acquiring company, as they will enhance and strengthen their own portfolio within the green energy sector in India.
Spokesperson for Panorm, expressed their satisfaction with the acquisition, stating, “We are thrilled to have played a pivotal role in the acquisition of Green Energy Solutions. This transaction is a testament to our capabilities as a leading investment banking firm. We are proud to have successfully facilitated the acquisition and helped our client expand their presence in the Indian Solar Market.”
The acquisition of Green Energy Solutions by the undisclosed prominent player highlights the growing significance of the green energy sector in India and the increasing interest of established market players in expanding their portfolio within this field.