Neo Infra Income Opportunities Fund (NIIOF) has acquired SolarArise India Projects Private Limited from ThomasLloyd Energy Impact Trust for an enterprise value of Rs 14 billion. With this transaction, NIIOF has entered the renewable energy sector, adding 433.5 MWp of operational solar capacity across Maharashtra, Uttar Pradesh, Madhya Pradesh, Karnataka, and Telangana. NIIOF is a Category II Alternative Investment Fund backed by Peak XV Partners, MUFG Bank, and Euclidean Capital LLC.
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