Renfra Energy submits papers with Sebi for IPO; eyes Rs 430-cr via fresh issue
Renfra Energy India is gearing up for its Initial Public Offering (IPO), aiming to raise Rs 430 crore through a fresh issue of shares. The company plans to use the funds for debt redemption, working capital, and general corporate needs. Renfra Energy, a key player in renewable energy project execution, has a strong track record in solar and wind energy solutions. The IPO also includes an Offer-for-Sale component.
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