GIC, ADIA invest $329 million more in Greenko
Mumbai: A month after securing a $495-million equity commitment from existing investors GIC of Singapore and Abu Dhabi Investment Authority (ADIA), Greenko Energy Holdings has received another $329 million of funding at a $6.5-billion enterprise valuation through a rights issue.
With this round, the two principal investors would have cumulatively deployed $2.3 billion in equity till date.
The funds will be predominantly used to facilitate Greenko’s ongoing 2.4GW storage projects and acquisitions.
