British equity firm “Actis” & 12 others booked by EOW on charges of cheating & conspiracy

New Delhi: The Economic Offences Wing (EOW) of Delhi Police have booked Britain’s leading private equity firm “Actis” and 12 others on charges of criminal breach of trust, cheating, criminal conspiracy and forgery among other offences under the Indian Penal Code (IPC).

The FIR has been registered a day after a local Court directed the EOW to register an FIR against the British company and its…

Actis completes Acme’s 400 MW assets buyout

Mumbai: Actis, UK based investor in the global emerging markets, has completed the acquisition of two solar projects in India totalling 400MW from Acme Solar Holdings Ltd.

These projects, acquired through Actis Long Life Infrastructure Fund (ALLIF), are located in Andhra Pradesh and Madhya Pradesh. The deal was signed at an enterprise valueof Rs.2300 crore, said sources. It is one of the…