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Green energy firms eye stock market listings, say sources

The two companies will be the first new pure-play renewable energy firms to list in India

Sudarshan Varadhan | Reuters  |  Mumbai 

Two Indian renewable energy firms are set to unveil stock market listing plans in the coming weeks, giving investors a new way to gain exposure to the sector at a time when India is pushing to make renewable power a bigger part of its energy mix. Adani Green Energy, a subsidiary of Indian trading firm Adani Enterprises Ltd, is expected to be spun out and listed on Indian stock exchanges within the next two weeks, said two bankers familiar with the company’s plans. Separately, ReNew Power, India’s biggest company in terms of renewable energy assets, is expected to ...

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First Published: Sun, April 29 2018. 00:45 IST