Economy
INOX Group Scions File Draft Papers for ₹10,000 Crore IPOs Each
The Hindu1h
THE BRIEF
1
Pavan Jain and Vivek Jain of the INOX Group have filed draft offer documents for separate initial public offerings aiming to raise ₹10,000 crore each.
2
INOX Air Products filed for a 100 percent offer for sale, while INOX Clean Energy's issue comprises up to ₹8,000 crore in fresh shares and a ₹2,000 crore offer for sale.
3
INOX Clean Energy intends to use ₹6,000 crore from the fresh issue proceeds for debt repayment and the remainder for general corporate purposes.