Post-listing, the promoters intend to retain at least 51% ownership in the company.
Read More
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.
The total value of the deal stands at around $12 million. The company expects to close the transaction within the next month.
UltraTech Cement, Apollo Hospital hits 52-week high in Nifty.
Together, these sellers hold 10.68 crore shares, which Coromandel will take over under the terms of a formal share purchase agreement.
At close, the Sensex was down 287.60 points at 83,409.69. Meanwhile, the Nifty was down 88.40 points at 25,453.40.
The total value of the deal stands at around $12 million. The company expects to close the transaction within the next month.
UltraTech Cement, Apollo Hospital hits 52-week high in Nifty.
Together, these sellers hold 10.68 crore shares, which Coromandel will take over under the terms of a formal share purchase agreement.
At close, the Sensex was down 287.60 points at 83,409.69. Meanwhile, the Nifty was down 88.40 points at 25,453.40.
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2025, IIFL Capital Services Ltd. All Rights Reserved
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248, DP SEBI Reg. No. IN-DP-185-2016
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
