Sichuan Guangan AAA Public intends to sell up to a 70% stake in a wholly-owned power distribution company for a minimum of CNY50.8m ($7.66m) to at least three investors.

The company is engaged in the generation and distribution of electricity, natural gas, and running water.

NTPC shares will be sold by the Indian Government for Rs69.26bn ($1.04bn).

The government reached an agreement to sell up to 412,273,220 shares, which represents an approximate 5% stake of the power generation company. Each share is priced at Rs168 ($2.52), under the offering.

The stake sale will be made under a separate designated window of the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

"AE Industrial Partners has completed the acquisition of BHI Energy from the private equity firm Harvest Partners."

The government also proposes to sell an additional 412,273,220 shares at a price of Rs168 ($2.52) a share through an oversubscription option.

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AE Industrial Partners has completed the acquisition of BHI Energy from the private equity firm Harvest Partners.

BHI Energy undertakes on-site specialty maintenance services and provides staffing solutions to the power-generation industry.

AE Industrial Partners has engaged Kirkland & Ellis as its legal advisor for the transaction, while BHI Energy engaged White and Case as its legal advisor.

Robert W. Baird & Co. and Harris Williams & Co. are the financial advisors for the transaction.

AE Industrial Partners aims to expand its footprint in the US power generation and broader infrastructure markets through the acquisition.