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India : Amplus Energy Solutions in funding raising talks; investment bank Jefferies acts as adviser.

Rooftop solar power firm Amplus Energy Solutions Pvt. Ltd has entered into talks to secure nearly $100 million.

According to a source, The company has been in talks with investors, both financial and strategic to raise around $50-100 million, which will help the company grow beyond its current portfolio of under 100 megawatts (MW) of distributed generation assets.

He added that investment bank Jefferies is acting as adviser to Amplus on the fund raising.

The company was infrastructure fund I Squared Capitals maiden bet in India. The fund pledged to invest $150 million in Amplus in August 2015.

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Publication:Mena Report
Date:Sep 4, 2017
Words:111
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