Singapore's GIC, ADIA invest $495m more in Indian clean energy firm Greenko

Singapore's GIC, ADIA invest $495m more in Indian clean energy firm Greenko

Photo: Greenko website

Sovereign wealth funds GIC Holdings Pte Ltd and Abu Dhabi Investment Authority (ADIA) have agreed to invest a combined $495 million in Greenko Energy Holdings in one of the largest funding rounds by an Indian clean energy producer.

GIC and ADIA have invested $1.55 billion till date in Greenko Group and after this funding round, the Hyderabad based firm will have an enterprise value of around $6 billion.

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