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Renewable energy company Greenko plans to raise $500 mn to rejig debt

The actual fundraising is dependent on market sentiments amid an escalation of the Russia-Ukraine conflict, which had increased volatility

Greenko
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Abhijit Lele Mumbai
Renewable energy company Greenko is planning to raise around $500 million from the international market for refinancing existing debt and capital expenditure.

Merchant banking sources said the company had expressed intent on raising funds. Besides it, Adani group entity Mumbai International Airport is also in the market for money to replace bridge loans and capex.

The actual fundraising is dependent on market sentiments amid an escalation of the Russia-Ukraine conflict, which had increased volatility, they added.

Greenko is one of India's leading renewable energy companies, with an operating capacity of 5.2 Gw diversified across wind, solar, and hydro generation across 14 states.

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First Published: Feb 25 2022 | 12:33 AM IST

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