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Reliance raises Jaypee funds

Infrastructure Finance
August 1, 2014August 1, 2014
Reliance raises Jaypee funds
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Reliance Power has initiated discussions with the Singapore government-owned investment firm, Temasek Holdings, to raise up to $500 million and tie up funding for the three Jaypee Group hydroelectric power assets that it is acquiring. Other global pension and infrastructure focused funds have also been tapped as Reliance Power begins to firm up its funding strategy for the Rs 12,300-crore ($2 billion) acquisition – the biggest in the domestic power sector.

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