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Indian renewable energy firm Greenko explores $1B Mumbai IPO amid uncertain market conditions.
Greenko Energies, an Indian renewable energy developer backed by Singapore’s GIC and Abu Dhabi Investment Authority, is exploring an IPO in Mumbai that could raise up to $1 billion.
The company, with 11 gigawatts of installed capacity and 20 gigawatts under construction, has held early talks with bankers but has not appointed advisers or finalized plans.
The move comes amid mixed market performance for Indian renewable energy stocks, including a recent sharp drop in a similar company’s debut.
Greenko has raised over $10 billion in the past decade and recently secured $520 million to refinance debt.
The IPO remains uncertain and depends on market conditions.
La firma india de energía renovable Greenko explora una OPI de $ 1 mil millones en Mumbai en medio de condiciones de mercado inciertas.