India’s leading solar-panel manufacturer, Waaree Energies Ltd., will open a $514 million IPO, valuing it at $5 billion. Backed by major investors like Goldman Sachs, BlackRock, and Morgan Stanley, the IPO aligns with India’s goal of boosting renewable energy to 500 gigawatts by 2030. Still, the sector faces challenges including high leverage and weak cash flows.
Related Posts
Govt steps in to lower burden on exporters
Reacting to a steep fall in exports, the Indian government has implemented several measures aimed at easing shipping challenges. Commerce Minister Piyush Goyal announced steps […]
Half-a-trillion dollar investor wealth gone since September peak
Indian investors have lost over half a trillion dollars due to a market crash fueled by foreign fund outflows and concerns about US policies. Despite […]