India: Shapoorji Pallonji arm Sterling and Wilson Solar files for $646m IPO

Photo by Zbynek Burival on Unsplash

Shapoorji Pallonji Group’s solar engineering, procurement, and construction (EPC) business, Sterling and Wilson Solar Ltd, on Tuesday filed the draft prospectus for its initial public offering (IPO), which will see promoters sell shares worth around 4,500 crore ($646.5 million).

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