Solarworld Energy Solutions secures Rs 110 Cr in pre-IPO placement round

Quick Summary:

In a public announcement last week, Solarworld Energy Solutions said it allotted 31.24 lakh shares to investors at Rs 352.05 apiece, aggregating the transaction size to Rs 109.99 crore on November 21.

Nuvama Wealth Management Ltd and SBI Capital Markets Ltd are the book-running lead managers to the issue.

As of August 31, 2024, the company completed projects with a total capacity of 253.67 megawatts (MW) AC/336.17 MW DC, and ongoing projects with a cumulative capacity of 420 MW AC/592 MW DC.

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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: India

Topics: Crore Solarworld Solutions Energy Investors Privacy Solar Allotted Policy Public Shares

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 10:10:45 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 282 words

Reading Time: 2 minutes read

Sentences: 17 lines

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News ID: 23822134

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