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Green hydrogen maker Hygenco may sell 49% stake for $125mn: Report
Gurugram-based green hydrogen manufacturer Hygenco Green Energies plans to sell around 49% stake for about $125 million, Mint reported. World Bank's International Finance Corporation (IFC), Munich-based Siemens AG and Singapore's Fullerton Fund Management could be among the investors. The deal will have an enterprise valuation of about $250 million, according to the report.
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'IFC expected to invest roughly $50 million'
Siemens, Fullerton to contribute the rest: Mint
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