Rays Power Infra to Tap Capital Market with ₹11.5 Billion Public Issue

A part of the net proceeds will be used to fund a 1.5 GW solar cell facility

September 30, 2025

/ B.S. Nagaraj
/ Finance and M&A, Solar
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Solar energy solutions company Rays Power Infra has filed a draft red herring prospectus with the market regulator, Securities and Exchange Board of India, for an ₹11.5 billion (~$129.5 million) initial public offering (IPO) of shares.

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B.S. Nagaraj

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