Acquisition History / ONGC NTPC Green Private Limited (50:50 JV of ONGC Green and NTPC Green Energy) / Ayana Renewable Power Private Limited
ONGC NTPC Green Private Limited (50:50 JV of ONGC Green and NTPC Green Energy) Acquires Ayana Renewable Power Private Limited
Announced March 27, 2025 — $706.1M
What happened
Ayana Renewable Power is an Indian renewable energy platform with operating and under-construction solar and wind capacity. ONGC NTPC Green, the 50:50 joint venture of ONGC Green and NTPC Green Energy, completed the acquisition of 100% of Ayana for a total cost of Rs 6,248.50 crore, buying 2.69 billion shares at Rs 23.22 each.
- Target
- Ayana Renewable Power Private Limited
- Announced
- March 27, 2025
- Price
- $706.1M
- Industry
- Renewable power generation
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did ONGC NTPC Green Private Limited (50:50 JV of ONGC Green and NTPC Green Energy) acquire Ayana Renewable Power Private Limited?
ONGC NTPC Green Private Limited (50:50 JV of ONGC Green and NTPC Green Energy) acquired Ayana Renewable Power Private Limited on March 27, 2025. This was ONGC NTPC Green Private Limited (50:50 JV of ONGC Green and NTPC Green Energy)'s 1st publicly tracked acquisition out of 1 we have on record.
How much did ONGC NTPC Green Private Limited (50:50 JV of ONGC Green and NTPC Green Energy) pay for Ayana Renewable Power Private Limited?
ONGC NTPC Green Private Limited (50:50 JV of ONGC Green and NTPC Green Energy) paid $706.1M for Ayana Renewable Power Private Limited.
What does Ayana Renewable Power Private Limited do?
Ayana Renewable Power is an Indian renewable energy platform with operating and under-construction solar and wind capacity. ONGC NTPC Green, the 50:50 joint venture of ONGC Green and NTPC Green Energy, completed the acquisition of 100% of Ayana for a total cost of Rs 6,248.50 crore, buying 2.69 billion shares at Rs 23.22 each.
What other Renewable power generation companies has ONGC NTPC Green Private Limited (50:50 JV of ONGC Green and NTPC Green Energy) acquired?
Ayana Renewable Power Private Limited is ONGC NTPC Green Private Limited (50:50 JV of ONGC Green and NTPC Green Energy)'s only publicly tracked acquisition in Renewable power generation so far.