CleanMax Solar refinances debt to pay back KKR

CleanMax Enviro Energy Solutions Private Limited, which undertakes solar rooftop projects, has secured Rs 1.58 billion from PTC India Financial Services Limited, a listed non-banking financial company focused on the power sector. CleanMax will use the money to refinance its outstanding debt. The company had previously taken a loan of Rs 1.5 billion from KKR to operate a 32 MW solar PV project in Bellary district of Karnataka.

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