Premier Energies aimed to raise ₹2,830 crore via an IPO starting on August 27, allocating ₹1,291 crore for capacity expansion. The promoter’s stake was set to decrease to 66%. The company projected revenue growth driven by India’s push for renewable energy. It planned substantial capacity enhancements by 2026, using funds from the IPO, debt, and internal accruals.
Sebi permits use of mutual funds for IAs, RAs deposit compliance
Sebi has allowed investment advisers and research analysts to use liquid mutual funds and overnight mutual funds for meeting their mandatory deposit requirements, providing an