SAEL Ltd, which converts agricultural waste into energy, is close to finalising a fundraise of $1 billion (about ₹8,300 crore) from US and European investors, said people aware of the matter.
US International Development Finance Corporation (DFC) and Norfund, which is owned by the Norway government, are likely to participate in the fundraising along with some domestic investors who could collectively pump in funds in a combination of equity and debt in the company, according to the people.
