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Sterlite Power raises Rs 1,300 crore bridge finance from Allianz, local investor

By Beena Parmar

  • 12 Jan 2021
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Sterlite Power raises Rs 1,300 crore bridge finance from Allianz, local investor
Credit: Pexels

Transmission company Sterlite Power has raised Rs 1,300 crore ($176.7 million) in debt financing from Germany’s Allianz Global Investors and a subsidiary of an Indian conglomerate, a person privy to the transaction told VCCircle. On Monday, Sterlite announced that it had received Rs 200 crore (about $27 million) in debt financing ......

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