Rays Power Infra Secures Rs 127 Crore Ahead of Planned IPO

Rays Power Infra, a solar energy solutions provider, announced a successful equity capital raise of Rs 127 crore. This funding increases the company's total raised capital to nearly Rs 200 crore. The company plans to file its IPO Draft Red Herring Prospectus in the last quarter of the year.

Solar energy solutions provider Rays Power Infra announced on Wednesday that it has successfully raised Rs 127 crore in equity capital.

According to a company statement, this latest round of funding brings the total raised by Rays Power Infra to nearly Rs 200 crore over the past few months.

The company is preparing to file its IPO Draft Red Herring Prospectus (DRHP) in the last quarter of the year, paving the way for further fundraising to support its growth plans.

(With inputs from agencies.)