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The Economic Times

Business

Avaada Electro files updated draft papers with Sebi for Rs 7,600-cr IPO

Avaada Electro SEBI IPO

Avaada Electro Ltd, a solar manufacturing arm of the Brookfield-backed Avaada Group, has filed updated draft papers with markets regulator Sebi for its proposed Rs 7,600-crore initial public offering (IPO).

The IPO comprises a fresh issue of equity shares worth Rs 1,600 crore and an offer for sale (OFS) of Rs 6,000 crore by promoter Avaada Ventures Pvt Ltd, according to the updated draft red herring prospectus (UDRHP) made public on Wednesday.

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