Vikram Solar Ltd has received SEBI approval for its IPO, comprising a fresh issue worth Rs 1,500 crore and an offer for sale of 17.45 million shares. It plans to invest Rs 793.36 crore in VSL Green Power for a 3,000 MW solar facility and Rs 602.95 crore to double module capacity. With a 21.11% revenue rise in FY24 and plans to expand to 15.
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