TPG acquisition to free up more than Rs 6,100 crore for Aseem Infrastructure Finance; deal closure by September
After its acquisition by TPG Rise Climate led investors, Aseem Infrastructure Finance will be monetising over Rs 4,500 crore of its remaining 24 per cent non green assets – roads and airport portfolio within the next 75 days while unlocking another Rs 1,600 crore of capital through the deal structure, CEO Virender Pankaj told ETBFSI. The transaction will transform the lender into a 100 per cent green NBFC and is targeted to close by September end, subject to RBI and CCI approvals.
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