business fortum exits india renewables market with sale to i squared s hexa climate

Fortum Exits India Renewables Market With Sale To I Squared's Hexa Climate

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While the initial proposed deal was for diluting the majority stake in Fortum India Pvt Ltd, the management company, and investing around $300 million to build future projects, Hexa Climate Solutions has acquired 100% stake, along with its 40-member team.