Japan’s Orix Corp to invest $980 million in Greenko Energy at $5.75 billion valuation
MUMBAI: NYSE-listed Japanese conglomerate Orix Corporation has agreed to invest $980 million for a roughly 18-20% stake in Greenko Energy Holdings, its largest overseas investment till date.
The investment will be through a combination of primary and secondary sale of shares, valuing Greenko at $5.75 billion, making it the second-most valued green energy company after Adani Green Energy Ltd. NSE 4.99 %
This would also mark the single largest foreign investment in the Indian renewable energy sector till date.
