Neo Infra Income Opportunities Fund (NIIOF), managed by Neo Asset Management Pvt. Ltd., has completed the acquisition of SolarArise India Projects in a transaction valued at ₹1,400 crore. The deal marks the fund’s entry into the renewable energy sector with a portfolio of 433.5 MWp solar assets spread across five Indian states.

Commenting on the development, Hemant Daga, Co-Founder and CEO of Neo Asset Management Pvt. Ltd., said, “Infrastructure is a critical pillar in India’s $5 trillion journey, and this acquisition underscores our commitment to channel capital into projects that power the nation’s growth.”

The acquisition is being seen as a strategic step in Neo’s broader vision to create a diversified infrastructure platform. By adding renewable energy to its portfolio, the company strengthens its position in India’s fast-growing clean energy market.