Deal▲ Bullish for Indian equities
Sumitomo buys 49% in Hero Future Energies unit for Rs 375 crore
The brief
- Sumitomo Corporation acquired a 49% stake in a Hero Future Energies subsidiary for ₹375 crore
- The investment brings capital and a strategic partner to Indian renewable energy development
Sumitomo’s stake in Hero Future Energies project
Sumitomo Corporation acquired a 49% stake in a Hero Future Energies subsidiary developing a wind-solar project in Karnataka. The project has been described as approximately 500 MWp and includes battery storage.
Tuesday, 6 October
- Sumitomo buys 49% in Hero Future Energies unit for Rs 375 crore