09
Mar
NetZero Finance Private Limited (NFPL), the financing arm of Aerem Solutions Private Limited (ASPL), today announced that CARE Ratings Ltd. has assigned a long-term rating of CARE BBB Stable and a short-term rating of CARE A3 to its bank facilities worth Rs. 250 crore. This rating underscores NFPL's robust integrated group structure, comfortable capitalization, and experienced leadership driving solar rooftop financing across India. The ratings reflect NFPL's strong backing from Aerem Group's diversified investor base, including Blume Ventures, Avaana Sustainability Fund, British International Investment, SMBC Asia Rising Fund, and UTEC LLP, with a tangible net worth of Rs. 100 crore for…
