Neo Infra fund acquires SolarArise for Rs 1,400 crore
Neo Group’s flagship infrastructure fund, Neo Infra Income Opportunities Fund (NIIOF), has acquired SolarArise India Projects Pvt. Ltd from ThomasLloyd Energy Impact Trust for an enterprise value of Rs 1,400 crore, according to Mint. The deal adds 433.5 MWp of operational solar assets across Maharashtra, Uttar Pradesh, Madhya Pradesh, Karnataka, and Telangana. NIIOF, a Securities and Exchange Board of India (SEBI) Category II Alternative Investment Fund, said the acquisition supports its strategy of building a…