ADB invests $50m in India’s Welspun Renewables
The Asian Development Bank (ADB) has committed $50 million to the renewable energy division of India’s Welspun Group. It is the group’s largest direct equity investment in the renewable energy space.
According to project documents, the ADB proposed taking an interest of up to 25% in Welspun Renewables, subject to a total investment cap of $50 million. A Foreign Investment Promotion Board (FIPB) filing...
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