Waaree to Raise ₹30 Billion via IPO to Fund Solar Module Facility

The company is setting up a 6 GW solar manufacturing facility in Odisha

December 29, 2023

/ B.S. Nagaraj
/ Finance and M&A, Solar
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Mumbai-based solar module manufacturer Waaree Energies has filed draft papers with the market regulator to raise ₹30 billion (~$361 million) in an initial public offering (IPO).

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B.S. Nagaraj

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