US-Based Fenice Group to Invest $2.5 Million in SunEdison’s Rooftop Solar Subsidiary
Fenice will subscribe to the subsidiary’s compulsorily convertible preference shares at ₹10 per share
May 22, 2020
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The Chennai-based renewable energy company, SunEdison Infrastructure Limited, has announced that it has entered into a share subscription and shareholders’ agreement with U.S.-based Fenice Investment Group LLC. Under this deal, SILRES Energy Solutions Private Limited, a wholly-owned subsidiary of SunEdison, is set to sell its shares to Fenice Investment Group. SILRES Energy was incorporated in October 2019.
Rakesh Ranjan
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