Vishakha Renewables files IPO papers, targets ₹1,250 crore to cut debt and fund growth
Vishakha Renewables, the solar components maker founded by Gautam Adani, has filed its Draft Red Herring Prospectus for an initial public offering aimed at raising ₹1,250 crore. The issue is structured to strengthen the balance sheet, with ₹900 crore earmarked for debt repayment, alongside an offer-for-sale of 1.81 crore shares by existing shareholders.
