In a first sign of private equity (PE) interest in exploration and production in India, little-known Chennai-based Invenire Energy has taken over Tata Sons oil and gas arm Tata Petrodyne (TPL) in a $100-million deal. TPL has interests in four blocks in India and four abroad, including in Tanzania and Indonesia. A source said that one of the reasons why Invenire was keen on TPL was its presence in Southeast Asia.
Chennai-based Invenire Energy acquires Tata Petrodyne in a $100-mn deal
February 14, 2019