The IndiGrid executed a unit purchase agreement on May 12, 2023, for the acquisition of 100 per cent of the units of Virescent Renewable Energy Trust (VRET), in one or more tranches, from the unitholders of VRET. Infrastructure investment trust India Grid Trust (IndiGrid) on Friday said it has signed a share purchase agreement for […]
Virescent Renewable Energy Trust completes acquires 100 pc stake in Godawari Green Energy – EQ Mag Pro
KKR-sponsored Virescent Renewable Energy Trust (VRET) on Thursday said it has complete acquisition of 100 per cent stake in Godawari Green Energy Ltd (GGEL). ”We are pleased to announce the acquisition of a 50-MW (megawatt) operating asset from Godawari Power and Ispat,” the company said in a statement. GGEL operates a 50 MW concentrated solar […]
KKR Backed Virescent Renewable Energy Trust issues INR 650 cr via Domestic Bond Issue – EQ Mag Pro
Raises INR 650 crore through Listed Rated Non-Convertible Debentures Largest single series domestic bond issuance of INR 500 crore in 10-year tenor, by a Renewable Energy Company Average quarterly coupon rate of 7.93 percent (fully fixed for entire tenor) Subscription by marquee domestic financial institutions (India Infrastructure Finance Company Limited & Aseem Infrastructure Finance Limited) […]
Virescent Renewable Energy Trust raises Rs 2,150 cr; names Akshay Jaitly as independent director – EQ Mag Pro
KKR’s Virescent Renewable Energy Trust will primarily use the proceeds to refinance existing debt at the special purpose vehicle (SPV) level as well as fund KKR-backed Virescent Renewable Energy Trust has raised funds to the tune of Rs 2,150 crore through various financing instruments. Virescent Renewable Energy Trust (VRET) has raised Rs 1,000 crore in […]
KKR Backed Virescent Renewable Energy Trust Ties-Up INR 2,150 cr of Debt Financing via Listed NCDs, Long Term Debt Financing and Working Capital – EQ Mag Pro
• Raises INR 1,000 cr via NCDs in the first ever issuance by a renewable energy InvIT from India • Ties up an additional INR 1,000 cr of long-term financing from L&T Finance • Avails INR 150 cr of working capital financing from Tata Capital • Proceeds will be primarily used for refinancing SPV level […]
KKR Backed Virescent Renewable Energy Trust inducts Mr. Akshay Jaitly as an Independent Director – EQ Mag Pro
Virescent Renewable Energy Trust (VRET) has expanded its Board and has appointing Mr. Akshay Jaitly as an Independent Director. The other Independent Directors include Mr. Pradeep Kumar Panja, CMD – Karnataka Bank and Member – Bank Board Bureau and Mr. Vinay Kumar Pabba, former CEO of Brookfield Renewables and Ex-COO of Greenko. Mr. Akshay Jaitly […]