TPG, JSW and Inox in Fray for Siemens Gamesa

It is learnt that TPG, JSW Energy, and Inox Wind are competing to acquire Siemens Gamesa Renewable Power's Indian unit. Valued up to $500 mn, the deal depends on contingent liabilities. Firms seek to bolster their renewable energy ventures. Siemens Gamesa aims to focus on core markets.

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