"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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World Bank calls for reforming skills training in India
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COP29's $1.3 tn fund plan disappoints Global South
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Jaguar rebrand is pink, diverse and doesn't feature any cars
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Europe boosts Indian textile exports in FY25
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RBI nudges banks to cut speculative bet in rupee
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