SAEL Industries Ltd, a private-sector renewable power producer with in-house solar module manufacturing, has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) to raise up to INR 4,575 crore through initial public offerings.
The total offer size comprises fresh issue of equity shares aggregating up to INR 3,750 crore and offer for sale by selling shareholders aggregating up to INR 825 crore.
The equity shares are proposed to be listed on the BSE Ltd and National Stock Exchange of India Ltd.
ICICI Securities Ltd, Kotak Mahindra Capital Co. Ltd, JM Financial Ltd and Ambit Pvt Ltd are the book running lead managers to the issue.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.