Emmvee Photovoltaic Power Ltd - IPO

Emmvee Photovoltaic Power Ltd IPO Details

Initial public offer of 133,640,552 equity shares of face value of Rs.2/- each (equity shares) of Emmvee Photovoltaic Power Limited (company) for cash at a price of Rs.217/- per equity share (including a share premium of Rs.215/- per equity share) (offer price) aggregating to Rs.2900.00 crores comprising a fresh issue of 98,795,483 equity shares of face value of Rs.2/- each aggregating to Rs.2143.86 crores by the company (fresh issue) and an offer for sale of 17,422,535 equity shares of face value of Rs.2/- each aggregating to Rs.378.07 crores by Manjunatha Donthi Venkatarathnaiah and 17,422,534 equity shares of face value of Rs.2/- each aggregating to Rs.378.07 crores by Shubha Manjunatha Donthi (the promoter selling shareholders) and such equity shares offered by the promoter selling shareholders (offer for sale and together with the fresh issue, the offer).

Objective of issue

Repayment/ prepayment, in full or part, of all or certain outstanding borrowings and accrued interest thereon availed by the Company and its Material Subsidiary, EEPL. General corporate purposes.

Emmvee Photovoltaic Power Ltd Contact Details

Emmvee Photovoltaic Power Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - investorrelations@emmvee.in

Website - www.emmveepv.com