Avaada Energy raises Rs 1,440 cr through green bonds
Solar project developer Avaada Energy said on Tuesday that it is raising green bonds for Rs 1440 crore in the Indian capital market at 6.75% making it India’s largest such issue by any renewable energy developer.
The bonds are certified by Climate Bonds Standard Board of the Climate Bonds Initiatives and are also compliant with the SEBI guidelines for Green Debt Securities, the statement said.
The bonds, with a tenure of three years, will be listed on the Bombay Stock Exchange (BSE).
