Author: PPD Team Date: 10/12/2024
Solar91 Cleantech has received approval from the Bombay Stock Exchange to proceed with its small medium enterprise (SME) initial public offering (IPO).
The IPO will involve the issuance of up to 5.43 million equity shares, targeting a fundraising of Rs 1 billion.
The proceeds will be used to support Solar91 Cleantech’s transition into an independent power producer and to expand its turnkey engineering, procurement, and construction services for renewable energy projects across India.