Hyderabad-based renewal power producer Mytrah Energy raised Rs 1,800 crore from Piramal Group's financial services companies.
The funds are being invested in the form of non-convertible debentures (NCDs) with a 7-year tenor into two Mytrah group entities, Mytrah Energy (India) Private Limited (Rs 980 crore) and Mytrah Ujwal Power Private Limited (Rs 820 crore), the company said.
The funds are being used to take out existing investors including IDFC Alternatives, AION Director Singapore Pte., Merrill Lynch International, Apollo Asia Private Credit Master Fund Pte. Limited, and Goldman Sachs Investment Holdings(Asia) Limited with a part of the funding facility also used
