Bajaj Energy wins Sebi approval for Rp55bn IPO

India power plant_230px
By Jonathan Breen
04 Sep 2019

Power plant operator Bajaj Energy has got the greenlight from India’s market regulator to launch a Rp54.5bn ($756.7m) IPO of primary and secondary shares.

The company has received the Securities and Exchange Board of India’s “observations”, which is usually the final approval needed for any listing.

Bajaj Energy’s float will comprise a Rp51.5bn issue of new shares and a Rp3bn offer-for-sale of existing stock from Bajaj Power Ventures, one of the issuer’s ...

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