Competition Watchdog Okays $450 Million Investment in Hero Futures Energies

The renewable developer will use funds to expand capacity across clean tech

February 21, 2023

/ Gourav Mishra
/ Finance and M&A, Solar
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The Competition Commission of India has recently approved a $450 million investment through the subscription of compulsorily convertible preference shares of Hero Group’s renewable arm, Hero Future Energies (HFE) by Ardor Holding II Pte, a special purpose vehicle indirectly owned by global investment firm Kohlberg Kravis Roberts (KKR).

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Gourav Mishra

More articles from Gourav Mishra.
AssetscommissionCompetitionenergyFutureHeroInvestmentsrenewables
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