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GIC, ADIA have invested $230 million in renewable energy firm Greenko Energy Holdings

Greenko Energy Holdings which is India’s leading renewable energy companies has said that it is raising $230 million in equity from an affiliate of Singapore sovereign wealth fund GIC and an entity owned by the Abu Dhabi Investment Authority (ADIA).

The company has said in a statement that GIC invested its share of $80 million in March and the ADIA entity will invest the remaining $150 million.

GIC, with this transaction, will be continue to be the majority shareholder of Greenko whereas it has not disclosed its stake size.

Read EquityPandit’s Technical Analysis on Nifty Energy 

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