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New Deal


Announced

GIC, ADIA and Orix to invest $700m in Greenko Energy.

Financials

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Transaction Value£581m
Consideration Type-
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

Private Equity

Friendly

Venture Capital

Cross Border

Acquisition

Pending

renewable energy

solar energy

solar parks

India

Alternative Electricity

Minority

Synopsis

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GIC Abu Dhabi Investment Authority, two sovereign wealth funds, and Orix, a financial services group, agreed to invest $700m in Greenko Energy. “This equity commitment from the existing shareholders reinforces their trust in our vision. Greenko is leading India’s energy transition through implementation of large scale and long-term solutions, and it continues to deliver long-term value to all our stakeholders. CFE is helping accelerate industrial decarbonisation, enhancing green quotient of Indian grid and development of green molecules and chemicals at a competitive cost,” Anil Kumar Chalamalasetty, Greenko CEO and Managing Director.

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