Razorpay And Sembcorp Green Infra Get Sebi Nod, Renewable Energy IPO To Raise Up To ₹3,750 Crore
New Delhi: Fintech company Razorpay Software and renewable power producer Sembcorp Green Infra have received the Securities and Exchange Board of India’s (Sebi) clearance to proceed with their initial public offerings, PTI reported, citing a regulatory update on Friday, November 13. Sebi issued its final observations on Razorpay’s draft papers on November 3 and on Sembcorp Green Infra’s filing on…
FinTech firm Razorpay and renewable energy producer Sembcorp Green Infra have received Sebi's approval to proceed with their Initial Public Offerings. Sebi issued final observations on November 3 and 13, respectively, allowing both companies to advance their public issue preparations under applicable regulatory guidelines. Razorpay submitted its IPO draft through Sebi's confidential filing route in June, with the exact offering size yet to be disclosed.
Sebmcorp Green Infra filed preliminary IPO papers in August, proposing up to Rs 3,750 crore in equity shares, which will be used to repay borrowings. The company operates 105 projects across 13 states, focusing on hybrid and storage-backed projects.
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