India: Waaree Energies raises $15.6m from Centrum Financial, global PE fund

Waaree Energies Ltd, an integrated solar power solutions company, has raised Rs100 crore from Centrum Financial Services Ltd, the non-banking finance arm of the Centrum Group, and a South-East-Asia-based private equity fund, a spokesperson for Centrum said.

According to Sandeep Upadhyay, managing director and chief executive of Centrum Infrastructure Advisory, Waaree has raised the funds in the form of structured finance, where Centrum Financial has invested Rs25 crore and the PE firm Rs75 crore.

Bring stories like this into your inbox every day.

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