BluPine Energy secures Rs 5,400 crore refinancing facility from Axis Bank
BluPine Energy, a renewable energy platform owned by private equity firm Actis, has secured a Rs 5,400 crore long-term loan facility underwritten by Axis Bank. The funding will be used to refinance existing debt across the company’s portfolio of operational renewable energy projects. The loan facility carries an interest rate of around 7.70% and has a tenor ranging from 16 to 20 years. It is secured against BluPine Energy’s portfolio of 17 special purpose vehicles…
