Greenko Energy Holdings which is India’s leading renewable energy companies has said that it is raising $230 million in equity from an affiliate of Singapore sovereign wealth fund GIC and an entity owned by the Abu Dhabi Investment Authority (ADIA).

The company has said in a statement that GIC invested its share of $80 million in March and the ADIA entity will invest the remaining $150 million.

GIC, with this transaction, will be continue to be the majority shareholder of Greenko whereas it has not disclosed its stake size.

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