IPO

Usher Eco Power, a wholly-owned subsidiary of agro-food processing company Usher Agro Ltd, plans to raise Rs50 crore through an IPO by December 2008.

The bean counters in the crowd ask about share dilution to which both MacDonald and fellow panelist Richard MacKellar, former CEO of Brightside Technologies (bought by Dell Inc.) answer “significant” and “don’t expect to get majority ownership in the renewable energy business - it’s just not possible.”

From the back, a keen, 20-something engineering Ph.D candidate piques with the question to the former MIT professor, “where do you see renewable energy going?”