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Swastika Infra, an Indian power company, files for IPO to raise $26.5 million for expansion.
Swastika Infra, a Jaipur-based company specializing in power distribution projects, has filed for an Initial Public Offering (IPO) with India's market regulator to raise ₹200 crore.
The funds will be used for working capital and general corporate purposes.
The company, which has completed 34 projects across four Indian states, aims to raise money through a fresh issue and the sale of shares by its promoters.
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Swastika Infra, una compañía de energía india, solicita a la OPI que recaude $26.5 millones para su expansión.