Pace Digitek gets SEBI green light to raise ₹900 crore to expand energy business
NEW DELHI: Pace Digitek, a telecom solutions provider, has got a nod from the Securities and Exchange Board of India (SEBI) to raise as much as ₹900 crore from the initial public offer (IPO) this year to boost battery energy storage systems (BESS) portfolio.
“We have received approval for the draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹900 crore through an initial public offering,” Venugopal Rao Maddisetty, chairman, Pace Digitek, told ETTelecom.
