India: Rakesh Jhunjhunwala, Sage Capital-backed John Energy mulls $45m IPO

India: Rakesh Jhunjhunwala, Sage Capital-backed John Energy mulls $45m IPO

Integrated oilfield services company John Energy Ltd, backed by India’s best known stock market investor Rakesh Jhunjhunwala, is in talks with investment banks for an initial public offering (IPO) that could see the company raise up to Rs300 crore ($44 million), said three people aware of the development.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter