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The Economic Times

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Vishakha Renewables files IPO papers, eyes Rs 1,250 crore

Vishakha Renewables, a company founded by Gautam Adani that specializes in solar components, has submitted its Draft Red Herring Prospectus. The firm aims to secure 1,250 crore through an initial public offering, designated for debt repayment and other corporate needs. A portion, 900 crore, will specifically address current borrowings. The IPO also includes an offer-for-sale of 1.81 crore shares, with proceeds benefiting the selling shareholders.

2 Oct 2026 8:26 am