Bajaj Energy files for IPO, plans to raise ₹5,450 crore
MUMBAI: Bajaj Energy along with Lalitpur Power Generation Company, Tuesday filed for a initial public offering with the market regulator Sebi with a plan to raise ₹5,450 crore through offer.
The offer comprises fresh issue of share up to ₹5,150 crore by the company and an offer-for-sale of equity shares by Bajaj Power Ventures aggregating up to ₹300 crore.
The company did not say when they plan to open the IPO. Normally it takes months to get the Sebi clearance for an initial public offer.
