Orient Green Power plans IPO
Thursday, 22 April 2010
MUMBAI, Apr 21 (PTI): Orient Green Power, a subsidiary of engineering firm Shriram EPC, plans to tap the capital market for raising funds to finance its expansion projects and has filed a prospectus with SEBI for its initial public offer.
Orient Green Power has filed a draft red herring prospectus with capital markets regulator Securities and Exchange Board of India (SEBI) for its proposed IPO, Shriram EPC said in a filing today to the National Stock Exchange.
"The company aims to expand this portfolio to 1,000 MW in two years, for which it seeks funds," it said.
Orient Green Power has filed a draft red herring prospectus with capital markets regulator Securities and Exchange Board of India (SEBI) for its proposed IPO, Shriram EPC said in a filing today to the National Stock Exchange.
"The company aims to expand this portfolio to 1,000 MW in two years, for which it seeks funds," it said.