Leap Green Energy appoints Barclays for up to $400m fundraising mandate

Leap Green Energy appoints Barclays for up to $400m fundraising mandate

Leap Green Energy founder and MD Rajeev Karthikeyan. Founded in 2006, Leap Green is promoted by former Formula 1 driver Narain Karthikeyan’s family. Photo: Livemint.

Tamil Nadu-based renewable energy company Leap Green Energy Pvt. Ltd has appointed investment bank Barclays Plc to help in raising $300-400 million as it seeks to grow its portfolio, said two people aware of the development. Founded in 2006, Leap Green is promoted by former Formula 1 driver Narain Karthikeyan’s family.

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