Mint featured our Partner Archana Balasubramanian, in its story titled “A Thaw in the renewable energy deal market? Investors eye cleanmax IPO for pricing cues” where she commented that waiting for a peer to list publicly also allows renewables platforms to structure deals with greater pricing flexibility.
She explained that the bidders are reframing diligence and pricing windows. They are keeping valuations open pending public listings and building in more flexible adjustment mechanics. Waiting for the CleanMax listing will help in providing the adjustment mechanics or other strategic hold back / early exit provisions in agreements
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