Mercom Capital Group, a global clean energy communications and consulting firm, has released its report on funding and mergers & acquisitions (M&A) activity for the solar sector in 2016.
Tag: acquisitions
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Govt asks its oil firms to fund acquisitions with foreign debt
To reduce pressure on the current account deficit (CAD), the Union government has asked the State-owned power firms to utilise foreign debts to fund their foreign acquisitions completely. Instead of using their own cash reserves, the State power fims should utilise foreign debts or domestic loans to acquire foreign firms, so that they don't deplete India's foreign exchange reserves and put more pressure on the current account deficit.