Temasek, ADIA Said to Plan Investing in Clean Max’s India IPO


Clean Max, a renewable energy company backed by Brookfield Corp., set aside shares worth about 9.3 billion rupees ($102 million) for anchor investors before the subscription period, according to the prospectus. Investment bankers are likely to allocate the shares at 1,053 rupees apiece, at the top of the marketed price range, the people said. The company raised 15 billion rupees in a pre-IPO placement last week.



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