In Short : Luminous Power has announced an ambitious plan to invest Rs 2,000 crore, aiming to double its expansion within four years. This substantial investment underscores the company’s commitment to expanding its operations and fostering growth. By investing in its infrastructure and capabilities, Luminous Power is well-positioned to contribute significantly to India’s power sector, […]
Suzlon Energy launches QIP to raise up to Rs 2,000 crore – EQ Mag
Suzlon Energy said its committee set the floor price of the QIP at Rs 18.44 a piece. It is based on the pricing formula prescribed under Regulation 176(1) of the SEBI ICDR Regulations. Shares of Suzlon Energy Ltd will be in focus on Thursday morning after the board of wind turbine maker announced launching of […]
Suzlon Energy plans to raise Rs 2000 crore via NCDs – EQ Mag
Mumbai : Suzlon Energy plans to raise over ₹2,000 crore by selling non-convertible debt instruments in its wholly owned subsidiary Suzlon Global Services, and is in talks with JP Morgan for the same, two people in the know said. The renewable energy company will use proceeds from the issue to prepay its term debt, one […]
Tata Power Renewable Gets Rs 2,000 Crore Infusion From GreenForest – EQ Mag
GreenForest holds 6.06 per cent equity in TPREL and on conversion of the above CCPS, it will hold 9.76-11.43% stake in TPREL, subject to the equity valuation on final conversion Tata Power Renewable Energy Ltd (TPREL) has received an investment of Rs 2,000 crore from GreenForest New Energies Bidco with allotment of 20 crore preference […]
Vikram Solar proposes Rs 2,000 crore public issue – EQ Mag Pro
Mumbai: Vikram Solar, one of the largest solar module manufacturers, is set to file with Securities and Exchange Board of India draft papers for an initial public offering, said bankers. The IPO size is likely to be about ₹2,000 crore, they said. The proposed issue will be a mix of fresh share sales and stake […]
Pinnacle-VDL JV to invest Rs 2000 crore to enter bus and last-mile EV market – EQ Mag Pro
Pinnacle Mobility Solutions, a unit of Pune-based Pinnacle Industries, would invest Rs 2,000 crore to make electrical buses and e-mini vans to cater to the booming last-mile mobility area. Pinnacle Mobility has entered right into a 74:26 partnership with certainly one of Europe’ s largest family-owned enterprises – VDL Groep – to cater to this […]