LG Energy Solution IPO attracts $80bn in bids
LG Chem’s energy storage and battery division’s $10.7 billion initial public offering received a staggering response from institutional investors, Reuters has reported.
IPO-bound Waaree Energies appoints CEO
The Indian solar manufacturer, which has 2 GW of module production capacity, has appointed Vivek Srivastava as chief executive officer. Vivek joins from Reliance BP Mobility Limited, where he served as the senior vice president.
Up to $1 billion expected from Sterling & Wilson solar share sale
Around US$1 billion is expected to be raised in the sale of up to 30% of Sterling & Wilson’s solar engineering arm. The funds will come from a pre-listing stake sale followed by an initial public offering (IPO), and will be used to reduce the debt of the 153-year-old conglomerate.
ReNew Power looks for $900 million initial public offerings
ReNew Power Ventures Pvt Ltd has expected to raise $800-900 million through the IPO, which it is planning to file in the coming two weeks. The renewable company has asked nine investment banks to manage the IPO.
Shapoorji Pallonji may sell its stake in solar portfolio
Age-old conglomerate SP Group seeks new investors, realizing the pace in India’s green energy equity market.
Mytrah may delist from AIM prior to India IPO
Mytrah Energy might cancel its listing on the Alternative Investment Market (AIM) in London before launching its tentatively planned initial public offering (IPO) in India, according to a recent report.
Indian renewable power developers queue for initial public offerings
It is expected that more and more Indian developers will be listed on IPOs in the coming years as an effective means to raise the equity for new power projects.
