| Clean energy company Greenko will remain an important entity for Singapore's sovereign wealth fund GIC to tap renewable power generation opportunities in India, Fitch Ratings said. Greenko Group Plc has signed an agreement GIC for selling its stake in Greenko Mauritius for around Rs 1,650 crore.
"Fitch believes GIC's move will improve Greenko's access to banking and capital markets. We also believe GIC will drive tighter risk management practices and financial policies at Greenko," the ratings agency said in a statement..............................................Full Article: Source
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