GIC-Backed Greenko Energies Said to Weigh $1 Billion India IPO

India’s Greenko Energies Pvt. is weighing an initial public offering in Mumbai to raise as much as $1 billion, according to people familiar with the matter, in what could test investor appetite for renewable energy shares after a weak market debut by an industry peer.

The GIC Pte.-backed company has held preliminary discussions with bankers for a potential share sale as soon as this year, the people said, asking not to be identified because the deliberations are private.