“CDC Group, the UK’s development finance institution and impact investor, NIIF and EverSource Capital managed GGEF announced additional equity funding of USD 70 million, USD 284 million and USD 36 million respectively in Ayana Renewable Power (Ayana), a leading Indian renewable energy platform, a statement said.” reported The Economic Times.

With the transaction, CDC will have acquired more than 30% stake in Ayana, whereas NIIF is set to become the majority shareholder in the company.

AZB & Partners represented CDC Group plc led by a team of partner Roxanne Anderson.

2021-03-03

Deal value: INR 510 crores (USD 70 Million)

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.