30/12/2024, 4:58:03 pm

Fujiyama Power Systems files IPO papers, plans Rs 700-crore fresh issue

Uttar Pradesh-based solar energy solutions provider Fujiyama Power Systems has filed draft papers with capital markets regulator SEBI to raise funds via initial public offering for expansion and debt reduction purposes. The IPO will be a mix of fresh issuance of equity shares worth Rs 700 crore, and an offer-for-sale of 2 crore equity shares by existing shareholders.