Business StandardCenter·
Sebi keeps Inox Clean Energy's IPO papers to raise ₹10K cr in abeyance
Markets regulator Sebi has kept in 'abeyance' the draft offer documents of Inox Clean Energy Ltd, which is looking to raise up to Rs 10,000 crore through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth up to Rs 8,000 crore and an offer-for-sale (OFS) of shares, amounting to Rs 2,000 crore by promoter Devansh Jain, according to the draft red herring prospectus (DRHP). The status of the issue was updated by the Securities and Exchange Board of Ind…
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