Who is bidding for Gentari's India business?

Global private equity firms like Macquarie and Actis, along with strategic investors such as Serentica Renewables and JSW Group, are evaluating bids.

What is Gentari's valuation for its India operations?

Gentari is seeking an enterprise valuation of $2-2.5 billion for its India business.

What challenges does India's green energy sector face?

India's green energy sector faces issues like stranded projects, issues with discoms, and record-low electricity prices during peak hours.

Home / Business and Economy / Gentari India Business Valued Up To $2.5 Billion Amidst M&A Buzz

Gentari India Business Valued Up To $2.5 Billion Amidst M&A Buzz

15 Jan

•

Summary

Global PE firms eye Gentari's India business with bids expected soon.
Gentari seeks $2-2.5 billion valuation for its Indian operations.
India's renewable energy sector faces challenges despite growth.

Gentari India Business Valued Up To $2.5 Billion Amidst M&A Buzz

Several global private equity firms, including Macquarie and Actis, alongside strategic investors like Serentica Renewables, are reportedly evaluating bids for a 50% stake in Gentari's Indian operations. The first round of bidding is anticipated by the end of January 2026. Gentari, the clean energy arm of Malaysian energy major Petronas, operates in India's renewable energy, EV charging, and green hydrogen sectors.

Gentari is seeking an enterprise valuation between $2 billion and $2.5 billion for its Indian assets, though its equity value stands at $600-700 million due to substantial debt. The company's Indian renewable energy portfolio comprises approximately 7GW, positioning it as a mid-sized player in a market aiming for 500GW by 2030. This move aligns with a broader trend of global energy companies exiting or divesting from India.