Avaada Electro has received approval from Securities and Exchange Board of India to raise an estimated Rs 9,000–10,000 crore through an initial public offering, marking one of the significant capital market moves in India’s renewable energy sector. Backed by Brookfield, the company aims to strengthen its manufacturing capabilities and expand its footprint. Alongside Avaada Electro, Sonaselection India and Grand Housing have also secured regulatory clearance, signaling sustained momentum in India’s primary market activity.
Regulatory Clearance Paves Way for Major IPO