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Published 1 month ago

Shapoorji Pallonji Group's Afcons Infrastructure files papers for Rs 7,000-crore IPO

Summary by Ground News
Shapoorji Pallonji Group's flagship infrastructure engineering and construction company Afcons Infrastructure Ltd (AIL) has filed draft papers with markets regulator Sebi to raise Rs 7,000 crore. The company's mega IPO is a combination of fresh issue of shares worth Rs 1,250 crore and an offer for sale (OFS) of up to Rs 5,750 crore.

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Shapoorji Pallonji Group firm Afcons Infra files draft papers to raise Rs 7,000 crore via IPO

Proceeds worth Rs 150 crore from the issue will be used for capital expenditure, Rs 350 crore will be used to fund long-term working capital requirement

1 month ago·India
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Shapoorji Pallonji Group's Afcons Infrastructure files papers for Rs 7,000-crore IPO

Shapoorji Pallonji Group's Afcons Infrastructure files papers for Rs 7,000-crore IPO Shapoorji Pallonji Group's flagship infrastructure engineering and construction company Afcons Infrastructure Ltd (AIL) has filed draft papers with markets regulator Sebi to raise Rs 7,000 crore through an initial public offering (IPO).The company's mega IPO is a combination of fresh issue of shares worth Rs 1,250 crore and an offer for sale (OFS) of up to Rs 5…

1 month ago
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Shapoorji Pallonji Group's Afcons Infrastructure Seeks Market Debut Amidst Fund Crunch

Shapoorji Pallonji Group filed a Draft Red Herring Prospectus with the Securities Exchange Board of India for Afcons Infrastructure Ltd. initial public offer to raise money to deal with its fund crunch. The Mumbai-based heavy infrastructure company, Afcons Infrastructure's IPO entails up to Rs 5,750 crore offer for sales from the Shapoorji Pallonji Group's stake, and fresh issue of Rs 1,250 crore. Hence, the total issue size stands at Rs 7,000 c…

1 month ago
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