EESL may go for an IPO to raise Rs 200 crore
The company is also planning to invest Rs 6,000 crore as capex comprising Rs 1,200 crore equity and Rs 4,800 crore debt during the current year, EESL's Managing Director Saurabh Kumar said. State-run Energy Efficiency Services Limited (EESL) may go for an IPO to raise about Rs 200 crore by diluting 20 per cent stake before the end of this current financial year, a top official of the company said today. The company is also planning to invest Rs 6,000 crore as capex comprising Rs 1,200 crore equity and Rs 4,800 crore debt during the current year, EESL's Managing Director Saurabh Kumar said. Kumar said the debt of Rs 4800 crore would be raised through various methods, including USD 100 million green/masala bonds from the UK market. "Out of Rs 6,000 crore, Rs 1,200 crore will be our equity. Rs 4,800 crore is what we have to raise as debt. We have paid up capital of Rs 460 crore. Another Rs 530 crore will be raised from the promoters," Kumar told PTI. "An...