The IPO will be an OFS by the Chairman Khurshed Yazdi Daruvala and Shapoorji Pallonji and Company. New Delhi: Sterling and Wilson Solar Ltd (SWSL) has received approval from markets regulator Sebi to float its Rs 4,500-crore initial public offering. The capital markets regulator issued its final observations on SWSL’s IPO proposal on July 4, […]
Singapore’s Sembcorp defers India energy IPO
SEIL intends to refile a revised prospectus at an appropriate time this year. SINGAPORE: Singaporean industrial conglomerate Sembcorp Industries Ltd said it has withdrawn a draft prospectus for listing its Indian energy arm, as it was injecting new equity into the business, and intended to submit papers later this year. Sembcorp plans to subscribe to […]
Report: US Residential Solar Financier Sunnova Plans IPO
A public offering is in the works for the country’s fourth-largest residential solar TPO provider, according to a Reuters report. Sunnova Energy Corp., among the largest U.S. residential solar third-party ownership providers, is planning an initial public offering that could value the Houston-based company at more than $1 billion including debt, according to a Tuesday […]
India to be a large market for storage batteries in two years: Khurshed Daruvala
Interview with chairman, Sterling & Wilson Solar Ltd With a thrust on clean energy in India and overseas markets, Sterling & Wilson Solar Ltd (S&W), the biggest global player in solar engineering, procurement and construction contracts, is planning to launch Rs 4,500 crore initial public offering (IPO). Company’s chairman Khurshed Daruvala, in an interview with Ateeq Shaikh, […]
ReNew Power likely to raise funds by selling assets after dropping IPO plan
The company isn’t alone in withdrawing plans for an IPO or considering an infrastructure investment trust India’s largest green energy company, ReNew Power, is considering raising funds through asset sales, after shelving plans for an initial public offering (IPO). Backed by Goldman Sachs Group, the company has renewable assets of over 7 gigawatts, of which […]
Spain’s ACS weighs renewables unit IPO
Global demand for renewable power is expected to soar over coming decades as governments and companies move to tackle climate change by curbing greenhouse gas emissions, helped by falling technology costs MADRID: Spanish building firm ACS has hired banks to help it decide whether to list its renewable energy unit, to take advantage of competitive […]
Polycab IPO witnesses 52 times subscription on last day of share sale
While institutional portion of the Polycab IPO was subscribed 93 times, HNI and retail portions saw subscription of 110.7 and 4.4 times, respectively Shares in the Polycab IPO were issued in a price band of ₹533-538 apiece, valuing the wires maker at close to ₹8,000 crore Mumbai: The initial public offering (IPO) of Polycab India Ltd, the International […]
Shapoorji Pallonji likely to go public with solar EPC business, says report
The documents will be filed by Sterling and Wilson, the company which houses the EPC business, by early next month, the sources told Mint. The company, the paper said, hired six investment banks to manage the share sale. Shapoorji Pallonji Group is likely to file draft documents with Securities and Exchange Board of India (Sebi) […]