Sumitomo, 2 others to invest $250 mn in Amp Energy India
Mint Mumbai|June 12, 2023
Proceeds from the transaction will be used to finance the company's expansion plans
Sumitomo, 2 others to invest $250 mn in Amp Energy India

Japan's Sumitomo Mitsui Banking Corp. (SMBC), Asian Infrastructure Investment Bank (AIIB), and private equity firm Intermediate Capital Group (ICG) have committed to invest $250 million in Amp Energy India, the company's chief executive officer and managing director Pinaki Bhattacharyya said.

The transaction will soon be formally announced and the proceeds will be used to drive the company's expansion plans. Bhattacharya co-founded the local arm of the renewable energy company Amp Energy. The firm has a presence in India, the US, Canada, Australia, Japan and Europe.

EY is serving as the financial advisor for the transaction for Amp Energy India. "I welcome the three new marquee investors who have reposed their faith in us with their maiden investments to participate in the unstoppable energy transition journey in India," Bhattacharyya said.

この記事は Mint Mumbai の June 12, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Mint Mumbai の June 12, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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