Infrastructure Development Finance Company’s (IDFC) PE arm and a wholly-owned subsidiary IDFC Private Equity is likely to invest Rs 80 crore in Green Infra, a company it incubated in 2008 to set up renewable power capacity in India. The funding will be completed over the next two months. Over the next 18-24 months the company plans to raise an additional $150-200 million.
IDFC Private Equity floated Green Infra with the vision to become one of the largest and independent power producers in the country. It plans to take the company public in 2013, and thereafter exit in tranches. Green Infra, focuses on power generation with a diversified portfolio such as wind, solar, small hydro and biomass.
Company Name | CMP |
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Bajaj Finance | 7333.00 |
Shriram Finance | 2814.00 |
Aditya Birla Capital | 236.00 |
SBI Cards AndPayment | 725.60 |
L&T Finance | 180.05 |
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