Home Tag "IPO"

Solis to Raise $100M and Double Production Capacity

String inverter leader builds new factory to meet global demand for solar Zhejiang, China: Ginlong Technologies (Stock Code: 300763.SZ), a global leader in photovoltaic string inverter manufacturing, announced plans to raise over $100M USD (» 700M Chinese Yuan), through a non-public offering to finance the expansion of its manufacturing capacity. Facing a rise in the global […]

SP arm concealed ‘material info’ in IPO papers: Kenneth Andrade

Kenneth Andrade’s Old Bridge Capital Management has written to Securities and Exchange Board of India accusing Shapoorji Pallonji (SP) group of suppressing ‘material information’ in the initial public offering (IPO) prospectus of its subsidiary Sterling & Wilson Solar. The portfolio manager, an investor in the company, also alleged Sterling and Wilson’s board misused its powers […]

Icra downgrades Shapoorji Pallonji rating, assigns negative outlook

ICRA has also taken note of the recent developments in SWSL. Mumbai: IcraNSE 0.63 % has downgraded the long-term rating of Shapoorji Pallonji and Company (SPCPL) to ‘A+’, from ‘AA-’, and short-term ratings to ‘A1’ from ‘A1+’, citing slower-than-anticipated progress achieved by the company in terms of its deleveraging plans through equity infusion and asset […]
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