Vishakha Renewables files IPO papers, targets Rs 1,250 crore for debt reduction and growth
Vishakha Renewables has filed its Draft Red Herring Prospectus, setting the stage for an initial public offering that aims to raise Rs 1,250 crore. The solar components maker plans to use Rs 900 crore of the proceeds to repay borrowings, while the balance will support broader corporate purposes, alongside an offer-for-sale of 1.81 crore shares.
