"The transaction is expected to be launched. It is at a very early stage," one of the two people cited above said, requesting anonymity.
This development comes in the backdrop of the green energy firm’s earlier fundraising of $450 million from parent Hero Group and global investment firm KKR in September 2022. International Finance Corporation (IFC) is also an investor in Hero Future Energies.
Spokespersons for Hero Future Energies and JP Morgan declined to comment.
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