Rays Power Infra raises ₹127 crore as equity capital ahead of planned IPO

Solar energy solutions provider Rays Power Infra on Wednesday said it has raised ₹127 crore.

"Rays Power Infra announced the successful closure of a fundraise of ₹127 crores as equity capital," a company statement said.

This latest round brings the total funding raised by the company to nearly ₹200 crore over the past few months.

The company is also gearing up to file its IPO Draft Red Herring Prospectus (DRHP) in the last quarter of the year, setting the stage for further fundraising to support its ambitious growth plans, the statement added.