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31 days ago

SAEL gets $20M investment from Norfund ahead of IPO

Norwegian state fund Norfund has invested $20 million into SAEL Industries via compulsorily convertible preference shares ahead of its IPO. SAEL operates solar projects and module manufacturing in India. With this capital infusion, the company continues to scale its clean energy portfolio across multiple states while prepping for a public listing.

Reuters• By Ayush Samantaray

Explore:Mutual Fund Screening

positive

31 days ago

SAEL gets $20M investment from Norfund ahead of IPO

Reuters• By Ayush Samantaray

Explore:Mutual Fund Screening

positive

SAEL gets $20M investment from Norfund ahead of IPO

about 1 month ago

1 min read

51 words

Norfund backs SAEL with $20M ahead of its IPO in clean energy domain.

Companies:

SAEL Industries

Tags:

IPO

India

IPO

India

SAEL

clean energy

investment

Source: Reuters

By Ayush SamantarayExplore:Mutual Fund Screening

Oct 11, 2025 • 11:34 IST

SAEL gets $20M investment from Norfund ahead of IPO

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SAEL gets $20M investment from Norfund ahead of IPO

SAEL gets $20M investment from Norfund ahead of IPO

SAEL gets $20M investment from Norfund ahead of IPO

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