CLP’s India Wind Unit Seeks Private Equity Funding: ET
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CLP Wind Farms (India) Pvt., a unit of Hong Kong billionaire Michael Kadoorie’s CLP Holdings Ltd., seeks to raise as much as $200 million to fund expansion, the Economic Times reported, citing two people it didn’t identify.
The unit, India’s biggest wind utility, has appointed Standard Chartered Plc to help it sell a stake to private equity investors. It is the third attempt by the company to raise capital in two years, according to the report.