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19-Dec2017
Gurgaon-based ACME Solar Holdings has received markets regulator Securities and Exchange Board of India's (SEBI) approval to raise funds through an initial public offering (IPO). The company's shares are proposed to be listed on the BSE and NSE.
The company, which filed the draft red herring prospectus with the SEBI in September, got the regulator's approval on December 15. The objects of the Offer is to pay debt and to finance the company's 200 MW solar power project in Rajasthan and for other general corporate purposes. The lead managers for the issue are ICICI Securities, Citigroup Global Markets India and Deutsche Equities India.
ACME Solar is one of the largest solar power producers in India, having a portfolio of operational and under-construction projects with total capacity of 2,351 megawatt peak, or 1,814 megawatt. It aims to develop and operate on-grid solar power projects using the latest photovoltaic technology.
Spandana Sphoorty Financial has received markets regulator Securities and Exchange Board of India's (SEBI) approval to raise funds through an initial public offering (IPO). The IPO consists of fresh issue......
Bharat Hotels has received markets regulator Securities and Exchange Board of India's (SEBI) approval to raise funds through an initial public offering (IPO). The IPO comprises sale of fresh equity shares......
Fleet bus operators Chartered Speed has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise an estimated Rs 273 crore through an Initial......
Syndicate Bank has entered into partnership with Srei Equipment Finance to jointly provide financing for construction and farm equipment. Under the arrangement, Syndicate Bank would leverage on its low-cost......
Tata Motors will supply 80 Electric buses to the West Bengal Transport Corporation (WBTC). The company has already supplied 20 Ultra Electric 9/9m AC E-buses, with remaining 20 9/9m AC E-buses scheduled......
Bharat Electronics (BEL) and Hughes India have entered into a Teaming Agreement for design, development, supply, installation, integration and commissioning of Satellite Communication solutions for helicopters......