JP Morgan Asset Management Holdings is set to sell half of its stake in Leap Green Energy
JP Morgan Asset Management Holdings, the investment arm of JP Morgan Chase, is set to sell half of its 75% stake in an Indian wind energy developer. The stake in Leap Green Energy is thought to be worth $225m. JP Morgan reportedly bought the stake at $100m in tranches since 2010. The Indian renewable energy market has seen increasing investment from foreign private equity funds since it announced aggressive policy measures to boost growth in the sector.
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