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Minda had in February bought a 15.7% stake in Pricol for ₹400 crore in a surprise move that triggered a confrontation with the promoter group of the target company led by managing director Vikram Mohan.
Noida-based Minda purchased 19 million shares for ₹400 crore through open market deals.
Altigreen raises Rs 300 cr from Sixth Sense Ventures, Reliance New Energy, others
The Series A investment is led by Sixth Sense Ventures, along with Reliance New Energy, Xponentia Capital, Accurant International, USA and Momentum Venture Capital, Singapore, , altigreen, RELIANCE NEW ENERGY, Sixth Sense Ventures, Xponentia Capital Partners
The financing was joined by Reliance New Energy, Xponentia Capital, Accurant International, USA, and Momentum Venture Capital, Singapore.