(EnergyAsia, July 9, Monday) — Two US firms, New York Life Investment Management and Wachovia Corporation, have each bought an 8.5% stake in India’s Bhilwara Energy through a private placement. The sale values the Indian power generation company at around Rs12.3 billion. (US$1=Rs41).Bhilwara Energy, the power business unit for the LNJ Bhilwara group, has majority…

This article is for Subscriber members only.
Log In Register