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Emmvee Photovoltaic Files Draft Papers with SEBI for ₹30 Billion IPO

A significant portion of the funds raised will be allocated to reduce the company's consolidated borrowings

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Joining a growing list of clean energy companies intending to raise funds from the stock market, Bengaluru-based solar cell and module manufacturer Emmvee Photovoltaic Power has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹30 billion (~$350.12 million) through an initial public offering (IPO).

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