Adani Power IPO likely by mid-July

Ahmedabad: Adani Power is likely to enter the capital market with its initial public offering by mid of July, said a company's source. The company is waiting for the Sebi's nod to bring out the IPO, the source said.

The company intends to raise around Rs 2,000 crore from the market, he said. According to the official, the company will generate power of 6,600 MW from its plants in Mundra (Gujarat) and Tirola (Maharashtra) in three years.