 "Like banks, Piramal to extend line of credit to developers")
The Aavishkaar-Intellecap Group, an impact investor, on Tuesday announced raising $25 million, led by Triodos Investment Management, the investment arm of European lender Triodos Bank, and Shell Foundation, an independent charity established by the Shell Group.
Triodos has invested $15 million while Shell has contributed $10 million in this equity round. The investment will be infused in the parent company and will enable the group to consolidate and expand its bouquet of ecosystem building initiatives/businesses across the globe, the impact investor said in a press statement.
The Aavishkaar-Intellecap group also announced the formal restructuring which will now have three lines of business
