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Sterling and Wilson files paper for INR 4,500 crore IPO

Power News - Published on Thu, 18 Apr 2019

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Sterling and Wilson, a solar engineering, procurement and construction firm promoted by Shapoorji Pallonji and Company has filed draft papers with markets regulator SEBI to raise about INR 4,500 crore through an initial public offer. The IPO will be an offer for sale by the company’s chairman Khurshed Yazdi Daruvala and Shapoorji Pallonji and Company, according to the Draft Red Herring Prospectus.

ICICI Securities, Axis Capital, Credit Suisse Securities (India), Deutsche Equities India, IIFL Holdings, SBI Capital Markets are the global coordinators and book running lead managers. IndusInd Bank and YES Securities (India) are the book running lead managers to the issue.

The shares of Sterling and Wilson are proposed to be listed on BSE and NSE.

Sterling and Wilson is a global pure-play, end-to-end solar EPC solutions provider. The company’s order book was INR 4,309.09 crore as of December 31, 2018.

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Posted By : Sanju Moirangthem on Thu, 18 Apr 2019
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