The John Energy IPO will provide an exit to investor Rakesh Jhunjhunwala and PE firm Sage Capital. “They (John Energy) have been discussing with several investment banks about going public for a couple of months now. John Energy is looking to raise Rs250-300 crore through the IPO, he added. Our investors have also not decided to exit,” said Mahesh Vyas, chairman and MD at John Energy. John Energy has a fleet of 30 drilling rigs and employs more than 1,400 people.

Source: Mint September 14, 2016 19:41 UTC