The investment could even go up to $1.25 billion at a potential $9-10 billion valuation and may either be in parent Greenko Energy Holdings (GEH) or subsidiary Greenko Zero C, said the people cited above. That will make Greenko the second-highest valued renewables company after Adani Green Energy Ltd.
Why FIIs are dumping bluechips to hunt small & midcaps
Foreign institutional investors are shifting their focus from India’s top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is