GIC-Backed Greenko Energies Said to Weigh $1 Billion India IPO

Greenko Energies Pvt. is exploring a potential initial public offering in Mumbai. The company aims to raise up to $1 billion. This move could test investor interest in renewable energy shares. The company is backed by GIC Pte. and Abu Dhabi Investment Authority. Discussions with bankers are underway for a possible share sale this year. Details are still being finalized.