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Dubai Group buys stake in Chiranjjeevi
- United Arab Emirates: Tuesday, April 29 - 2008 at 10:24
A unit of Dubai Group has acquired a 40% stake in India's Chiranjjeevi Wind Energy Limited, a wind turbine manufacturer in India. The investment, which was made by Dubai Ventures, the equity investment company of Dubai Investment Group, a subsidiary of Dubai Group. Dubai Investment Group, which aims to build a diversified portfolio of assets in renewable energy, has made focused investments, through its subsidiary Dubai Ventures, over the past two years in the renewable energy sector across Asia.
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Jeff Florian, Senior ReporterTuesday, April 29 - 2008 at 10:24 UAE local time (GMT+4)
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