Neo Infra Income Opportunities Fund buys SolarArise in ₹1,400 cr deal
New Delhi: Neo Group’s flagship infrastructure fund, Neo Infra Income Opportunities Fund (NIIOF), has bought SolarArise India Projects Pvt. Ltd from the London Stock Exchange-listed ThomasLloyd Energy Impact Trust for an enterprise value of ₹1,400 crore.
The deal marks NIIOF’s entry into the renewable energy space, adding 433.5 MWp of operational solar assets across five states—Maharashtra, Uttar Pradesh, Madhya Pradesh, Karnataka, and Telangana.
