Mumbai: Greenko Group, one of India’s largest renewable energy producers, has started meeting investors for a proposed dollar bond sale, which could see the company raise up to $1 billion, said two people aware of the development. On Monday, rating agency Fitch assigned an expected rating of 'BB-(EXP)' to the proposed US dollar notes of Greenko. Greenko's total portfolio comprises operating assets of 4.2 gigawatts (GW) and under construction assets of 7 GW. The proposed bond sale follows the recent equity infusion of $329 million into Greenko by GIC and ADIA, Mint reported on 12 July. The two sovereign funds have so far infused $2.2 billion in Greenko, which was founded by Mahesh Kolli and Anil Kumar Chalamalasetty.

Source: Mint July 17, 2019 04:52 UTC