JP Morgan Asset Management has recently invested Rs 100 crore in Leap Green Energy, a company promoted by India's ace motor racer Narain KarÂthiÂkeyan's family. Leap Green owns installed capacity of 100 MW of wind assets, which is to be doubled in the current year. According to Venture Intelligence PE Deal database, JP Morgan first invested Rs 107 crore. The investment was made into both equity and convertible debt instruments, which, when converted would give JP Morgan a majority stake. Therefore, JP Morgan has invested over Rs 200 crore in Leap Green, which describes itself as a green Independent Power Producer. JP Morgan's investment in Leap Green underscores the interest that private equity funds are showing in renewable energy sector. There have been quite a few deals in the last six months.
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Home » JP Morgan invests Rs 100-cr in green power
JP Morgan invests Rs 100-cr in green power
Power & New and Renewable Energy
January 1, 2012January 1, 2012
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