Ahead of IPO, Powerica mobilises Rs 329 crore from anchor investors

Ahead of IPO, Powerica mobilises Rs 329 crore from anchor investors

Powerica Ltd secured Rs 329.40 crore from anchor investors. The company's Rs 1,100-crore IPO opens for subscription on March 24. Funds will be used to reduce debt and for general corporate purposes. This is Powerica's second attempt to go public. The company …

Power solutions provider Powerica Ltd garnered Rs 329.40 crore from anchor investors on Monday, a day before its initial public offering (IPO) opens for subscription.Shares allocations were made to s… [+2684 chars]
Ahead of IPO, Powerica mobilises Rs 329 crore from anchor investors - FHMnews