Munich Re Picks Stake in Apollo Energy, Company Valued at $7.5 billion! - India Renewable Energy Consulting – Solar, Biomass, Wind, Cleantech
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This is quite interesting. Munich Re, the world’s largest reinsurance firm by revenues, is picking 0.2% stake in Apollo Energy for Rs 73.6 crore, valuing the
firm at a staggering $7.5 billion(Rs 36,835 crore)…Apollo Energy is a privately held holding firm of the power and health insurance businesses of Prathap Reddy-led Apollo Hospitals Group. With this transaction, Apollo Energy is now valued double than Tata Power and 50% more than Reliance Power, making it the most valued private Indian firm in the power business. But unlike Tata Power and Reliance Power, Apollo Energy also has interests in insurance business” Source

Wow, a 7.5 billion $ valuation for a company that is not so widely known as many of its peers who seem to have a much lower valuation!

About Narasimhan Santhanam (Narsi)

Narsi, a Director at EAI, Co-founded one of India's first climate tech consulting firm in 2008.

Since then, he has assisted over 250 Indian and International firms, across many climate tech domain Solar, Bio-energy, Green hydrogen, E-Mobility, Green Chemicals.

Narsi works closely with senior and top management corporates and helps then devise strategy and go-to-market plans to benefit from the fast growing Indian Climate tech market.


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