The floor price for the two-day OFS is set at ₹225 per share.
According to the filings, the company has raised secured loans totaling Rs 5,799 crore.
Earlier, the firm based in Bengaluru held a 50% stake.
The company plans to utilize the sale proceeds to expand its renewable energy footprint.
Recommendation: Add; Target Price: Rs 165
The 130 MW plant in Gujarat's Kutchh secures a 25-year PPA with SECI at Rs 2.83/kWh.
Expansion Project to Boost Voltas' Presence and Generate Employment Opportunities
Investment may be made in seaport and renewable energy projects.
The facility will do research & development in cement and concrete.
Jaguar Land Rover is working on the details of the agreement.