Solar stocks shine bright as PM Modi launches Pradhanmantri Suryodaya Yojana
Scheme aims to installing rooftop solar panels in 10 million homes in India
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Scheme aims to installing rooftop solar panels in 10 million homes in India
Mumbai-based Rays Power Infra on Tuesday announced that the firm has filed a Draft Red Herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for its initial public offering (IPO).
With general elections looming next year, a lot of companies want to have their fundraising out of the way before then. Even more importantly, the economy, which the IMF forecasts will grow by a world-beating 6.3 per cent this year, is looking good to investors
Stanley Lifestyles: According to the information provided in the Draft Red Herring Prospectus (DRHP), as of that date, the Oman India Joint Investment Fund holds 13.86 million shares, or 26.86% of the Company and it plans to sell 5.54 million shares in the Offer for Sale (OFS).
The IPO with a face value of ₹2 each is entirely an offer for sale (OFS) of up to ₹900 crore by the promoter and promoter group shareholders.