FMO, a financial services company, agreed to acquire a 15.77% stake in Ecofy, a NBFC, for $10m. “The investment aims to play a critical role in decarbonizing energy, particularly in a rapidly growing economy like India. This collaboration not only strengthens our financial standing but also affirms our vision for a cleaner and more resilient future,” Rajashree Nambiar, Ecofy CEO.