iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

EKI Energy Services collaborates with Impact Capital Asset Management

18 Oct 2022 , 01:49 PM

EKI Energy Services announced a tie-up with Singapore based fund management company – Impact Capital Asset Management (ICAM) for launching Indias first ever Rs 1,000 crore (125 million USD) Climate Impact Fund to develop climate change mitigation projects with a deep focus on community development across remote locations in India and other geographies. As an anchor investor, EKI will invest up to Rs 200 crore (25 million USD) and ICAM will raise the balance corpus from institutional investors and manage the fund. To this end, the Company has on 17 October 2022 entered into a term sheet with ICAM. The fund will be incorporated as a Variable Capital Company (VCC) with a nominal capital which will be held by EKI and ICAM in the ratio of 51:49. As a shareholder of the fund vehicle, EKI will have no interest in the property of the fund, except to the extent of aforementioned contribution proposed to be made to the schemes of the fund. Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.