Sterlite Power has raised Rs 2 billion in debt financing from Allianz Global Investors. The amount has been raised as a non-convertible debenture with a three-year tenor and is part of the larger refinancing exercise undertaken by Sterlite Power to reduce its holding company borrowings. In December 2020, the company announced a 50:50 joint venture (JV) with global investment manager AMP Capital to build greenfield power transmission projects in the country.
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