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<h1>Laser Power & Infra IPO approved to raise Rs 1,200 crore, including an Rs 800 crore fresh issue.</h1> Sebi approved Laser Power & Infra Ltd's initial public offering of up to Rs 1,200 crore, comprising a fresh issue up to Rs 800 crore and an offer for sale up to Rs 400 crore. The company will use net proceeds from the fresh issue primarily to pre pay or repay outstanding borrowings of Rs 600 crore, with the remainder for general corporate purposes.