Rays Power Infra files DRHP for IPO. (Photo: Canva stock) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Rays Power Infra Ltd. filed its preliminary papers with the capital markets regulator SEBI on Tuesday to raise funds via an initial public offering. The public offer will include fresh issues of shares worth Rs 900 crore, as well an offer for sale segment of shares worth Rs 250 crore.

Promoters of the company offloading a portion of their stake in the OFS include Ketan Mehta selling shares worth Rs 98.2 crore, Pawan Kumar Sharma and Sanjay Garudapally selling shares worth Rs 73.6 crore. Other investors offloading stake include Vivek Jain offering shares for sale worth Rs 4.6 crore.

The equity shares are proposed to be listed on the National Stock Exchange of India Lt

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