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flag Indian renewable energy firm Greenko explores $1B Mumbai IPO amid uncertain market conditions.

flag 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. flag 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. flag The move comes amid mixed market performance for Indian renewable energy stocks, including a recent sharp drop in a similar company’s debut. flag Greenko has raised over $10 billion in the past decade and recently secured $520 million to refinance debt. flag The IPO remains uncertain and depends on market conditions.

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