India’s Richest State Is Said to Prepare for Power Utility IPO

Maharashtra, India’s richest state, has begun preparations for an initial public offering of its power distribution utility, according to people familiar with the matter.

By Ashutosh Joshi, Rajesh Mascarenhas · Bloomberg Markets

Maharashtra, India’s richest state, has begun preparations for an initial public offering of its power distribution utility, according to people familiar with the matter.