Avaada Electro files UDRHP for proposed Rs 7,600 crore IPO
Avaada Electro Limited has filed its Updated Draft Red Herring Prospectus (UDRHP) with the Securities and Exchange Board of India (SEBI), advancing its proposed initial public offering of up to Rs 7,600 crore. The solar cell and module manufacturer plans to raise up to Rs 1,600 crore through a fresh issue of shares, while promoter…