- KKR & Co Inc KKR agrees to invest an additional $250 million in Serentica Renewables, an Indian decarbonization platform.
- This additional capital will help Serentica achieve its goal of installing 4000MW of renewable energy capacity, which will aid in distributing sustainable energy to large-scale industrial customers.
- The present investment builds on the $400 million investment from KKR in November 2022.
- "We are excited to deepen our collaboration with a like-minded strategic partner like KKR. This investment will enable us to further accelerate large-scale decarbonization of the power-guzzling commercial and industrial segment,” commented Pratik Agarwal, Director, Serentica Renewables.
- Price Action: KKR shares are trading higher by 1.34% at $53.78 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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