By Ishita Russell
Aavishkaar had earlier invested in Sri Lankan firm Ma’s Tropical Foods.
Norway’s and NZ Super Fund are among those taking the lead
The solar project costs are estimated at up to $76 million.
Firm eyeing one exit in SE Asia – to close 2-3 deals by year-end.
India is considering electrifying all its vehicles over the next 15 years.
It plans to use the funding to expand to over 5,000 more villages
IFC’s investment involves an “A” loan to co and subscribing to its NCDs.
Funding to help the company expand its solar rooftop and solar EPC businesses.
This is IFC’s fourth investment in the region this month.
To help fund Max Healthcare’s acquisition and expansion plans.