SIDBI Venture Capital to exit India's HHV Solar
SIDBI Venture is set to exit HHV Solar following the Indian company's INR220 million ($3.9 million) investment from Swelect Energy Systems, a Chennai-based power electronic and renewable energy firm.
SIDBI had jointly invested $7 million in HHV Solar through its small- and medium-sized enterprises (SME) growth fund alongside with Aureos Capital in 2008. According to a regulatory filing, Swelect will...
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