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Sterlite Power Brasil raises 600 million Brazilian real via debentures

Banco Modal and Banco Itau BBA coordinated the transaction, which reinstates Sterlite's long-term commitment to Brazil and reinforces the company's position in the energy sector, according to the statement. The first issuance of Sterlite's infrastructure debentures in the Brazilian capital market was in 2019.

By PTI Apr 4, 2022 7:20:35 PM IST (Updated)


Sterlite Power arm Sterlite Power Brasil has raised 600 million Brazilian real (about Rs 970 crore) through the issuance of debentures. "Sterlite Power Brasil, a subsidiary of the Indian corporation Sterlite Power Transmission Ltd, a company that develops energy transmission projects, announces the issuance of debentures on the total amount of Rs 600 million (BRL)," Sterlite Power said in a statement.
Banco Modal and Banco Itau BBA coordinated the transaction, which reinstates Sterlite's long-term commitment to Brazil and reinforces the company's position in the energy sector, according to the statement. The first issuance of Sterlite's infrastructure debentures in the Brazilian capital market was in 2019.
"We are very pleased to have Itau BBA and Modal by our side, which bring even more credibility to our projects, always delivered with quality and before the deadline stipulated by Aneel," recalled Amitabh Prasad, CEO of Sterlite Power Brasil in the statement.