Sterling and Wilson Solar gets Sebi nod for Rp45bn listing

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By Jonathan Breen
09 Jul 2019

India’s securities regulator has given the greenlight for Sterling and Wilson Solar’s IPO, which could raise up to Rp45bn ($655m).

The solar power business of Indian conglomerate Shapoorji Pallonji Group got the approval from the Securities and Exchange Board of India on July 4.

It is listing through an offer-for-sale of secondary stock by the company’s promoters — Shapoorji Pallonji and Sterling and Wilson chairman Khurshed Yazdi Daruvala, ...

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