Adani Power gets Sebi nod for IPO; offer steeply priced
Adani Power, a subsidiary of Adani Enterprises, has received the Securities and Exchange Board of India’s, or Sebi, approval for an initial public offering, or IPO. The company is likely to offer about 26.7 crore shares to the public. It plans to raise about Rs 5,800 crore through the IPO.