Sterlite Power-backed Serentica Renewables, which would cater to commercial and industrial consumers, has raised $250 million from investment firm KKR in its second round of funding from the latter.
Serentica, which was launched in July last year, raised $400 million from KKR late last year from its Asia Infra Fund.
Speaking to Business Standard, Pratik Agarwal, director, Serentica, said last year’s fundraise was through straight equity with a small amount of preference capital, which was for phase one of the business.
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