Sebi has approved IPOs of Prozeal Green Energy and Neilsoft. Prozeal aims to raise Rs 700 crore to fund working capital, debt repayment, and expansion in renewable energy. Neilsoft’s Rs 90 crore fresh issue will support capital expenditure. Both firms seek growth from India’s renewable and engineering R&D opportunities.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets