Backed by Singapore-based investment firm AT Capital and Dutch energy & commodity trading company Vitol, Juniper has hired ICICI Securities, JM Financial and HSBC to launch a Rs 3000-crore IPO, said people aware of the development. The money will be raised through primary offering of shares, said sources.
Juniper presently has an operational portfolio of about 1GW with an under-construction capacity of 3 GW and a development pipeline of close to 6 GW of solar, wind and hybrid projects.
“The Company considers and evaluates various capital raising and funding options from time to time. We have no further comments at this stage,” a company spokesperson said.
JGEPL is promoted by Juniper Renewable Holding Pte Ltd (JRHPL) for setting up renewable power projects in India. JRHPL is 75% owned by AT Holdings, the family office of the Singapore-based NRI businessman Arvind Tiku, and the balance 25% is held by Vitol Energy.
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