BII has invested about $4 billion in India, with a current portfolio of $2.5 billion spread across more than 600 companies
Apraava Energy signed financing agreements with BII for Rs 400.5 crore (USD 46 million) and another agreement for Rs 400.4 crore (USD 46 million) with Standard Chartered.
British International Investment has invested around $2.5 billion in India so far across firms, including Mahindra Electric and Tata Capital
British International Investment (BII) will be injecting Rs 650 crore into Mahindra Electric Automobile (MEAL), lower than what was initially planned, and will result in BII Group holding a 2.64-4.58% stake in MEAL.
Fasal’s co-founder Shailendra Tiwari in February this year told Moneycontrol that the company is in talks to raise a new round of funding to support its output business foray.
”We are evaluating exciting businesses in sectors such as bio-fuels, circular economy … as part of the vision for the 2030 roadmap agreed between India and the UK,” Nick O'Donohoe, CEO of BII told Reuters on Tuesday.