Macro Finance
MSEDCL Said to Pick Banks for India IPO Worth Up to $1 Billion
Bloomberg Markets·July 22, 2026·1 min read
Maharashtra State Electricity Distribution Co. has shortlisted six investment banks for a planned initial public offering that could raise between $500 million and $1 billion, according to people familiar with the matter. The power distribution company operates in India's richest state. The IPO would be one of the largest in India's power sector this year.
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