SAEL Industries Files for $521 Million IPO to Fund Expansion
Photo by Illia Horokhovsky on Unsplash
SAEL Industries, an Indian renewable energy company, is pursuing an IPO to raise 45.75 billion rupees, consisting of new shares and Norfund selling existing shares. The company intends to use these funds to invest in its subsidiaries, SAEL Solar P5 and SAEL Solar P4, and to pay down its debt, while its contracted renewable energy capacity is 5,765.70 megawatts as of September 30.
Key takeaways
- Indian renewable energy company SAEL Industries, which specializes in solar and biomass projects, has filed for an initial public offering (IPO) targeting 45
- 75 billion rupees ($521 million), according to a Reuters report
- The IPO comprises a fresh issue of shares valued at up to 37
Related Topics
Want coverage like this for your company?
Local & industry wins build trusted proof, SEO/geo signals and prime national editors.
Verified mention available
Is this your company?
Set up real-time alerts and keep your Heartspace News coverage accurate. Verified teams can update profiles, request corrections, and collaborate on future stories.
Want to turn mentions into momentum? Find your best path with the Fit Checker. Verified profiles receive a free consult.