Post-listing, the promoters intend to retain at least 51% ownership in the company.
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Post-listing, the promoters intend to retain at least 51% ownership in the company.
The resolution was passed during an extraordinary general meeting (EGM) held recently.
The company has positioned itself among the top 10 independent renewable energy producers in India.
Founders Ankita Chugh, Sanjay Manohar Vazirani, and Trans Global Hotels LLP will dilute part of their stakes through the OFS route.
Wakefit intends to use part of the proceeds to grow its offline presence including plans to open 117 regular stores and one larger-format outlet.
For the IPO, the company has brought in ICICI Securities, JM Financial, and Morgan Stanley as lead advisors.
Top gainers in Sensex include Bajaj Finance, Infisys, HUL, Eternal.
The agreement will be implemented over a period of three years, with Zaggle supporting Apollo in streamlining internal expense workflows and enhancing employee benefit programs.
The transaction involves around 38.75 lakh shares, priced at ₹1,600 each, being offloaded by JB Chemicals employees who recently converted their stock options.
Vedanta set a new production milestone at its Lanjigarh Refinery, turning out 587 kilotonnes of alumina in the June quarter the highest ever for the plant.
Top gainers in Sensex include Bajaj Finance, Infisys, HUL, Eternal.
The agreement will be implemented over a period of three years, with Zaggle supporting Apollo in streamlining internal expense workflows and enhancing employee benefit programs.
The transaction involves around 38.75 lakh shares, priced at ₹1,600 each, being offloaded by JB Chemicals employees who recently converted their stock options.
Vedanta set a new production milestone at its Lanjigarh Refinery, turning out 587 kilotonnes of alumina in the June quarter the highest ever for the plant.
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