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Solar panel maker Waaree Energies is in talks with HNIs and family offices to raise ₹1,000 crore at a valuation of ₹13,000 crore to part-finance its capital expenditure plans, people aware of the development said.
“The fundraising is aimed at tying up the financial requirements for its ₹8,000-crore capex plan which will see Waaree set up 6-GW (gigawatts) of manufacturing capacity each for solar module, cells, and ingots and wafers under the production-linked incentive (PLI) scheme,” one of the sources said…Read More…
Source: PTI
