BS Enviro acquires 51% in Skywater India

According to reports, BS Enviro Solutions Limited, a newly-incorporated subsidiary of Hyderabad-based telecom infrastructure company BS Limited, has acquired a 51% stake in air-to-water generators’ manufacturer Skywater India Private Limited.

Skywater, a part of New York-based private investment fund Harbinger Capital Partners, has its research and development (R&D) facility and a manufacturing plant with an installed capacity to churn out 200 units of air-to-water generators a month in Hyderabad. The company’s technology was invented and patented in the US and is being marketed globally.

“The ‘primarily-structured deal’ will involve BS Enviro infusing achievement-based investments of between $5 million and $6 million as growth capital in the joint venture in the next two years,” Sanjay Sultania, managing director of BS Enviro, told mediapersons here on Monday.

Skywater’s technology converts water vapour in the air into drinking water and can produce anywhere from 700 litre to more than 1,200 litre a day…