{"id":390086,"date":"2020-12-18T08:35:29","date_gmt":"2020-12-18T03:05:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=390086"},"modified":"2020-12-18T09:18:17","modified_gmt":"2020-12-18T03:48:17","slug":"niif-to-hold-majority-stake-in-cdcs-ayana-renewable-after-fresh-infusion","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/niif-to-hold-majority-stake-in-cdcs-ayana-renewable-after-fresh-infusion\/","title":{"rendered":"NIIF to hold majority stake in CDC&#8217;s Ayana Renewable after fresh infusion"},"content":{"rendered":"<p>CDC Group, the UK\u2019s development finance institution and impact investor, National Investment and Infrastructure Fund (NIIF), and EverSource Capital-managed Green Growth Equity Fund (GGEF) today announced additional equity funding in Ayana Renewable Power (Ayana), an Indian renewable energy platform. The proposed transaction envisages NIIF to become the majority shareholder in Ayana. <\/p>\n<p>CDC will put in $70 million, NIIF $284 million and GGEF $36 million. The commitment is subject to final approval processes. <\/p>\n<p>According to Sujoy Bose, managing director and chief executive officer, NIIF, the fund\u2019s continuing support to Ayana demonstrates its belief in the large growth potential of the Indian renewable energy sector and in Ayana\u2019s ability to generate stable risk-adjusted returns for investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CDC Group, the UK\u2019s development finance institution and impact investor, National Investment and Infrastructure Fund (NIIF), and EverSource Capital-managed Green Growth Equity Fund (GGEF) today announced additional equity funding in Ayana Renewable Power (Ayana), an Indian renewable energy platform. The proposed transaction envisages NIIF to become the majority shareholder in Ayana. CDC will put in $70 million, NIIF $284 million and GGEF $36 million. The commitment is subject to final approval processes. According to Sujoy Bose, managing director and chief executive officer, NIIF, the fund\u2019s continuing support to Ayana demonstrates its belief in the large growth potential of the Indian [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-390086","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/390086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=390086"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/390086\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=390086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=390086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=390086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}