In what’s India’s largest personal credit score deal this 12 months, founders of Greenko Energy Holdings, Anil Chalamalasetty and Mahesh Kolli, have raised an $800-million private credit loan, from Temasek-backed Clifford Capital and BlackRock, to purchase Orix Group‘s 20% stake in firm, folks advised ET.
“Final week, Greenko’s founders raised $800 million, primarily from Clifford and BlackRock,” stated a supply.
In January, Orix had agreed to promote its 20% stake in Greenko to AM Green Power, owned by Greenko founders, for $1.46 billion. A Clifford Capital spokesperson declined to remark whereas BlackRock and Greenko didn’t reply to requests for remark. Financing, organized through AM Inexperienced and raised at 11.5-12%, was syndicated by Deutsche Bank and Barclays, based on an ET report on March 9.