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Inox Clean Energy files papers for Rs 10,000-cr IPO
Renewable energy company Inox Clean Energy has filed draft papers with the market regulator SEBI to raise up to Rs 10,000 crore through an initial public offering (IPO).
Via YourStory
·Excerpt
This offering would mark the largest private-sector renewable energy public issue in India to date. The IPO comprises a fresh issue of equity shares worth up to Rs 8,000 crore and an Offer-for-Sale (OFS) of shares worth Rs 2,000 crore by promoter Devansh Jain, according to the Draft Red Herring Prospectus (DRHP) filed on Tuesday.
The company, part of the INOXGFL Group, plans to use the proceeds from the fresh issue to repay or prepay, in full or part, certain…
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