Singapore's GIC considers potential $5B sale of 50% Greenko Energy stake, valued at $10B.

Singapore's GIC is exploring a potential sale of its 50% stake in India's Greenko Energy, valued at around $5 billion, which would value the company at $10 billion. Initial talks with financial advisers are underway. Greenko, backed by investors like the Abu Dhabi Investment Authority, operates 7.5 gigawatts of renewable energy capacity in India and may seek additional funding for growth. Both GIC and Greenko have declined to comment on the situation.

October 08, 2024
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