The proposed offering will aim to raise 40 billion rupees ($440 million), including as much as 30 billion rupees in newly issued shares and a secondary sale of 10 billion rupees by Blackstone, according to the IPO prospectus filed in December.Discussions are still ongoing and details such as the size and timing of the stock […]
IndiGrid Infrastructure Trust on Friday said it has raised Rs 1,500 crore through an institutional placement issue amid widespread investor participation from existing and new investors. The institutional placement issue, launched on January 19, was oversubscribed twice, a statement said. As many as ten insurance companies and six investment funds participated, with contributions from domestic […]
Clean Max Enviro Energy Solutions Ltd., a renewable energy company backed by Brookfield Corp., is preparing to launch its initial public offering in February with a smaller deal size, according to people familiar with the matter.The Mumbai-based company is now planning an initial public offering of about $350 million to $400 million, down from a […]
Horizon Industrial Parks Ltd. is preparing to file for an initial public offering in Mumbai that could raise up to $500 million, according to people familiar with the matter, in what could be one of India’s biggest logistics listings in recent years.The company owned by Blackstone Inc. works with JM Financial Ltd., Axis Bank Ltd. […]