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Silver Consumer Electricals concludes Rs 150 cr pre-IPO secondary share sale

Silver Consumer Electricals, renowned for its pumps and motors, has successfully raised Rs 150 crore through a pre-IPO secondary share sale. A 2.59% stake was sold by a promoter group member to investor Riyaz Suterwala, paving the way for its upcoming initial public offering. With its DRHP filed last August, the Rajkot-based company aims to secure up to Rs 1,400 crore to address debt and enhance corporate operations.

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Economic TimesLean R·1h ago
Silver Consumer Electricals concludes Rs 150 cr pre-IPO secondary share sale
Silver Consumer Electricals, renowned for its pumps and motors, has successfully raised Rs 150 crore through a pre-IPO secondary share sale. A 2.59% stake was sold by a promoter group member to investor Riyaz Suterwala, paving the way for its upcoming initial public offering. With its DRHP filed last August, the Rajkot-based company aims to secure up to Rs 1,400 crore to address debt and enhance corporate operations.
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Silver Consumer Electricals concludes Rs 150 cr pre-IPO secondary share sale

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Silver Consumer Electricals concludes Rs 150 cr pre-IPO secondary share sale

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