China state fund CNIC eyes stake in India renewable firm

A Chinese investment fund is thinking about buying 10 percent of Indian renewable energy company Greenko Group, sources with knowledge of the matter say.

Photo: Thomas Borberg/Politiken/Ritzau Scanpix

BY MANUEL BAIGORRI & BAIJU KALESH, BLOOMBERG NEWS

Chinese state-backed investment fund CNIC Corp. is considering purchasing about a 10 percent stake in Greenko Group, one of India’s largest renewable energy companies, according to people familiar with the matter.

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