MSETCL Said to Select Six Banks for Planned $800 Million IPO
Maharashtra State Electricity Transmission Co. selected six investment banks for a planned IPO that could raise as much as $800 million, according to people familiar with the matter.
Maharashtra State Electricity Transmission Co. has chosen six investment banks for a planned initial public offering that could raise as much as $800 million, people familiar with the matter said. The power transmission utility, known as MSETCL, selected SBI Capital Markets Ltd. and Axis…