PANJIM: World’s largest pure-play, end-to-end solar engineering, procurement and construction solutions provider, Sterling and Wilson Solar Limited will hit the bourses with its IPO targeting to raise Rs 3,125 crores on August 6, 2019 at a price band of Rs 775 to Rs 780. The issue, which closes on August 8, 2019, comprises of an offer for sale by the promoters Shapoorji Pallonji and Company Private Limited aggregating upto Rs 2,083.33 crore and Khurshed Yazdi Daruvala totalling Rs 1,041.67 crore. The Promoter Selling Shareholders will utilise a portion of the Net Offer Proceeds, towards funding full repayment of the loans.
Sterling and Wilson Solar IPO opens on Aug 6
