Sterlite Power secures Rs 7.25 billion funding from GEF Capital and ENAM Holdings

Sterlite Power has successfully raised Rs 7.25 billion in a primary fundraising round from GEF Capital Partners and ENAM Holdings. This is the first fundraising initiative for the Global Products and Solutions (GPS) business since its establishment as an independent entity following Sterlite Power’s demerger in October 2024. Axis Capital was the exclusive financial adviser for this transaction, and Khaitan & Co. acted as the legal counsel. Reportedly, the funds will be utilised for ongoing capital expenditure expansion, enhancing production capabilities, advancing new product development and strengthening Sterlite Power’s presence in key international markets.