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Image Credit: Bloomberg Quint

Indian Solar Photovoltaic Modules Maker Emmvee Files For IPO

  • Emmvee Photovoltaic Power, an Indian solar photovoltaic modules maker, has filed for an IPO to raise funds.
  • The Bangalore-based company aims to raise a total of INR 30 billion through the IPO.
  • Emmvee plans to sell up to INR 21.44 billion worth of new shares, while the founders are offering up to INR 8.56 billion worth of shares.
  • The book running lead managers for the IPO are JM Financial, IIFL Capital Services, Jefferies India, and Kotak Mahindra Capital.

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