Corporate News Details
Indiabulls Power Ltd is planning to open its initial public offering (IPO) from October 12 to 15, a company official said on Monday. The company is part of Indiabulls Real Estate, which holds 71.4 per cent in the company.
According to its draft prospectus released in July, the company plans to issue a maximum of 390.7 million equity shares, including a greenshoe option, constituting 19 per cent of its post-issue equity.
At present, Indiabulls Power is developing three power plants in western and central India with total capacity of 6,600 megawatts and will use the issue proceeds to fund two of these, according to a source.
No comments:
Post a Comment