Viney Equity Market co-leads Rs 715 cr investment in Vikram Solar

New Delhi: Venture capitalist Viney Equity Market on Monday announced that it co-led a Rs 715 crore investment in solar panel manufacturers and power companies Vikram Solar and contributed Rs 12 crore to the funding round, alongside participation from multiple investors. The funding will provide Vikram Solar with the resources to strengthen its capital base, improve its ability to borrow money for working capital and finance the expansion of its solar PV module manufacturing facility. "We are impressed by their commitment to innovation and their track record of success. This investment aligns perfectly with our philosophy of supporting companies that are driving positive change in the world," Anant Aggarwal, Founder of Viney Equity Market LLP, said in a statement.