Hero Future Energies to raise $250 million via fresh equity issuance
“We are in the market to raise capital and we will issue fresh equity. Our aim is to raise up to $250 million,” said Munjal. HFE, which is the clean energy arm of the B M Munjal group of companies, recently won its first set of solar and wind projects in Bangladesh, Ukraine, and Vietnam.
HFE has appointed HSBC for this transaction. The funding exercise is at the parent company level, which is headquartered in London. In 2019, HFE redesignated its UK unit to be the parent company, this paper reported.
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