Abu Dhabi Future Energy Co. PJSC, also known as Masdar, one of the largest developers of renewable energy in West Asia, is picking up a minority stake in Hero Future Energies Pvt. Ltd, a renewable energy company owned by Rahul Munjal of Hero Group. The Masdar-Hero deal marks a rare entry of a new growth equity investor in an Indian renewable energy producer in recent times.

(Dealstreet Asia)