Atria Power in talks to raise $100 million from Piramal
Wednesday, March 29, 2017, 3:28 PM
Atria Power Corp. Ltd, a Bengaluru-based renewable power producer, is in talks with Piramal Group to raise structured debt worth $100 million. Atria, which is backed by marquee investor GE Energy Financial Services, an affiliate of General Electric Co., is seeking to expand capacity and repay investors with the proceeds. The finance will be extended by Piramal Enterprises Ltd’s structured finance group (SFG).