India: Energy firm OGPL raises $38m via preferential allotment

India: Energy firm OGPL raises $38m via preferential allotment

OGPL will use these funds as part of its capital expenditure and also to pay off existing debts. Visual sourced from Orient Green Power website.

Renewable energy power producer Orient Green Power Co. Ltd (OGPL) has raised $38 million (Rs.250) crore through preferential allotment of shares to its existing promoter Shriram Venture Ltd (SVL) and subsidiaries and financial investors, including EW Special Opportunities Fund II Pte. Ltd, Ecap Equities.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter