Sterlite Power raises ₹200 cr from Allianz Global Investors

Sterlite Power has raised ₹200 crore in debt financing from Allianz Global Investors (Allianz GI), a global investment manager focussing on sustainable investments.

The transaction is among the first infrastructure sector financing deals for Allianz GI in India.

Sterlite Power raised the funds through a three-year non-convertible debenture.

The fund-raise is part of a larger refinancing exercise of the private power transmission infrastructure developer to reduce its holding company borrowings.