Market Chatter: JPMorgan, Nomura Among Banks Picked for Waaree Energies' $700 Million Share Sale

MT Newswires Live

05/29

JPMorgan Chase (JPM) and Nomura Holdings (NMR) are among the firms picked by Waaree Energies to manage its planned share sale, which could raise up to $700 million, Bloomberg News reported Friday, citing people familiar with the matter.

The Indian solar panel maker may launch the institutional offering as soon as July, with formal investor marketing expected to begin next month, according to the report.

JPMorgan and Nomura didn't immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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