Wind Turbine Maker Suzlon’s ₹2.4 Billion Rights Issue Oversubscribed
Indian wind turbine maker Suzlon announced raising ₹12 billion (~$145.80 million) through a rights issue of 2.4 billion partly paid-up equity shares. The issue was oversubscribed 1.8 times. The equity ...
Schroders to Acquire a Majority Stake in Renewables Investor Greencoat for $474 Million
Schroders, a London-based asset management company, announced that it had signed an agreement to acquire a 75% shareholding in Greencoat Capital Holdings, a British renewables investor, for £358 million (~$474.09 million) ...
Infrastructure Finance Company REC to Raise ₹850 Billion Through Bonds and Debentures
REC Limited, an infrastructure finance company involved in financing power projects, is seeking the approval of shareholders to raise ₹850 billion (~$11.63 billion) through the private placement of bonds or ...
India to Soon Get Another Power Exchange
The Central Electricity Regulatory Commission (CERC) proposes to grant registration to Pranurja Solutions to establish and operate a power exchange. The Commission said that it would invite suggestions and comments ...
Israel’s E-Mobility Company REE Automotive to go Public in a $3.6 Billion SPAC Deal
REE Automotive, an Israel-based e-mobility company, has signed a merger agreement for a business combination with 10X Capital Venture Acquisition Corporation, a special purpose vehicle company (SPAC), resulting in REE ...
Adani Green Gets Stakeholders’ Approval to Raise ₹25 Billion
Adani Green Energy Limited (AGEL) announced that it had received approval from its shareholders to raise ₹25 billion (~$331 million). The approval was granted during the company’s fifth annual general ...
Barclays Likely to Stop Lending to Projects Based on Fossil Fuels
During the annual general meeting (AGM) of Barclays, a British multinational investment bank, nearly 24% of shareholders voted for Share Action’s resolution asking the bank to phase out financing for ...
Renewable Project Developer Greenko Receives $329 Million in Equity
After receiving $495 million (~₹33.92 billion) as primary equity from General Insurance Corporation (GIC) and Abu Dhabi Investment Authority (ADIA), Greenko Energy Holdings (Greenko), has now secured another $329 million ...
Solar EPC Company Sterling and Wilson Solar Receives SEBI’s Approval for its IPO
The Securities and Exchange Board of India (SEBI) has given its approval to Sterling and Wilson Solar Limited (SWSL) to float its proposed initial public offering that is estimated to ...
Renewable Developer ReNew Power Raises $300 Million Through Rights Issue
ReNew Power, the Indian renewable energy project developer, has announced raising $300 million through a rights issue. A rights issue is when a company issues its existing shareholders a right ...