Greenko Energy Holdings, a renewable power producer based in the southern Indian city of Hyderabad, is raising $700 million in equity funding from existing investors.
The company has signed a definitive agreement with affiliates of Singapore’s GIC, the Abu Dhabi Investment Authority (ADIA), and Japan’s ORIX Corp to rake in the amount. Greenko founders Mahesh Kolli and Anil Kumar Chalamalasetty have also reportedly pumped in capital.
