Adani Group’s renewable energy arm may raise $200 million


Adani Group’s renewable energy arm may raise $200 million

Adani Group’s renewable energy arm is seeking to raise external equity capital after having pumped in millions of dollars of its own money to build a pipeline of projects worth over 2 gigawatts (GW), two people aware of the development said.

The proposed fundraising could see Adani’s renewable arm—Adani Green Energy Ltd—raise as much as $200 million (about Rs1,300 crore), said one of the two people cited above, requesting anonymity, as the talks are private.

“They have been holding talks with various investment banks over the last couple of months for the same. Read More…

 

Credit By : Khabar India

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