Continuum Green Energy (India) is preparing to raise funds from two global private equity investors, with a valuation estimated at $1 billion, in anticipation of an upcoming initial public offering (IPO). Founded by Arvind Bansal and Vikash Saraf, the renewable energy company has signed a term sheet with Global Environment Fund and UK-based Just Climate to secure $150 million in funding. This investment will establish a valuation benchmark ahead of the IPO.
Multinational conglomerate GE and Continuum Green Energy (India) closed the financial deal of GE Energy Financial Services acquisition of a 49 per cent stake in Continuum s 148.5 megawatt Morjar onshore wind project in Gujarat, it said in a .
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