MUMBAI: Warburg Pincus, the New York-based private equity firm, invested US$100mil in India’s largest rooftop solar developer CleanMax Solar, the company said in a statement.
CleanMax, which has about a quarter of the South Asian nation’s market for rooftop solar systems, would use the private equity investment to fund growth opportunities outside India and to improve product offerings, Kuldeep Jain, managing director of the renewable energy firm, said in the e-mailed statement.
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