India: Avaada Power in talks to raise $234m in structured credit

India: Avaada Power in talks to raise $234m in structured credit

Avaada Power Pvt. Ltd, a renewable energy company started by a co-founder of Welspun Renewable Energy Pvt. Ltd, is looking to raise as much as Rs1,500 crore in structured credit as it looks to build out its renewable energy portfolio and strengthen its engineering, procurement and construction (EPC) business, two people aware of the company’s discussions with potential investors said.

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