KKR to invest USD400 million in Hero Future Energies

KKR and Company is in advanced negotiations to invest around USD400 million in Hero Group’s renewables energy company Hero Future Energies.

KKR will be using its infrastructure fund as the vehicle for this investment. Hero Future Energy, which operates in the wind, grid-connected solar, solar rooftop and energy storage sectors, is expected to use the infusion to reduce debt and grow its business. JP Morgan is advisor on the transaction.

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