Heating up the investment sentiment in
the clean energy space, Asian Development Bank has made its largest ever
equity investment in the sector by pumping Rs 310 crore ($50 million)
in Welspun Renewables Energy (WREL).
This investment amount translates into ADB holding a stake of 13.3 per cent in WREL, the 100 per cent subsidiary of Welspun Energy, said the FIPB (Foreign Investment Promotion Board) document approving the proposed foreign investment in the company.
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This investment amount translates into ADB holding a stake of 13.3 per cent in WREL, the 100 per cent subsidiary of Welspun Energy, said the FIPB (Foreign Investment Promotion Board) document approving the proposed foreign investment in the company.
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