New Delhi, Oct. 20 -- Avaada Electro, the solar module and cell manufacturing arm of Avaada Group, backed by Thailand's PTT Group and Brookfield, has sought to raise Rs.10,000 crore from an initial public offering (IPO), said two people aware of the development. The company has submitted a draft prospectus for the offer through a confidential filing. It aims to use the capital for expansion. The Securities and Exchange Board of India (Sebi) introduced confidential IPO filings in November 2022 to provide companies-especially new-age and high-growth firms-more flexibility and privacy during the initial stages of the IPO process. Several green-energy companies have gone public of late. State-run NTPC Ltd's green energy arm NTPC Green Energy Lt...