A consortium led by TPG Rise Climate agreed on 6 July to acquire all of Aseem Infrastructure Finance, an Indian lender focused on renewable energy, power transmission and other infrastructure.
Why TPG Rise Climate-led consortium (with GIC and ICICI Bank) is buying Aseem Infrastructure Finance
TPG is investing through TPG Rise Climate as part of its Global South Initiative, seeking exposure to India's build-out of renewable and transmission capacity.
Deal terms and financing
GIC and ICICI Bank are co-investors, with ICICI holding up to 5%. NIIF, the Government of India and SMBC sell their entire holdings. Terms were not disclosed.
Regulatory approvals and timing
The transaction is subject to customary regulatory approvals and closing conditions.
Market context
NIIF founded Aseem in 2020. Reports in April had said a TPG-led group was in talks to buy it for about ₹4,000 crore.
