Suzlon Energy’s IPO plan is a classic case. Last November, Suzlon raised Rs 100 crore through issue of equity and convertible preference shares to ChrysCapital.
The non-conventional energy major had also raised Rs 100 crore from Citigroup Venture Capital International, a Citigroup global investment unit, a few months ago.
Arun Natarajan is the Editor of TSJ Media, which tracks venture capital activity in India and Indian-founded companies worldwide. View sample issues of TSJ Media's Venture Intelligence India newsletters and reports.