SEBI in its order passed late last month concluded that pledging of securities held by an AIF in the portfolio company for loans availed by such portfolio company is in violation of AIF regulations and the prescribed code of conduct.
An extension of the coal reduction policy to all lending will act as a strong impetus for Indian financial institutions to strengthen their own policies on coal reduction.
Sembcorp Green Infra has signed the agreement to acquire Mumbai-based renewable power producer Vector Green, which has a cumulative 583 MW of solar and wind portfolio in India.