Maharashtra State Electricity Distribution Co. , the power distribution company in India’s richest state, has shortlisted six investment banks for a planned initial public offering that could raise between $500 million and $1 billion, people familiar with the matter said.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-07-22/msedcl-said-to-pick-banks-for-india-ipo-worth-up-to-1-billion)