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Adani buys Penna Cement from Reddys in Rs 10,000 crore deal

India Business News: MUMBAI: The Gautam Adani family owned Ambuja Cements is buying Penna Cement Industries in a deal valued at Rs 10,442 crore including debt, expanding i.

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Electrical engineers associations oppose adoption of new service regulations for recruiting graduate engineers

Electrical engineers associations oppose adoption of new service regulations for recruiting graduate engineers
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Penna Cement Gets Sebi Nod For Rs 1,550 Crore IPO

Hyderabad: City-based Penna Cement Industries has received approval of capital markets regulator Securities and Exchange Board of India (Sebi) to go ahead with its Rs 1,550-crore initial public offering (IPO). The IPO includes a fresh issue of Rs 1,300 crore and an offer for sale of up to Rs 250 crore by its promoter PR Cement Holdings. Currently, P R Cement Holdings holds a

Uttar pradeshAndhra pradeshSri lankaSri lankanP prathap reddySyama prasad mookerjeeAatma nirbhar bharatPr cement holdingsPr cement holdings ltdPenna cement industriesSecurities indiaEdelweiss financial servicesAxis capitalJm financialExchange board of india sebiSri lankan cement company

Penna Cement gets Sebi nod for Rs 1,550 crore IPO

Penna Cement gets Sebi nod for Rs 1,550 crore IPO
equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.

Uttar pradeshAndhra pradeshSri lankaSri lankanP prathap reddySyama prasad mookerjeeAatma nirbhar bharatPr cement holdingsPr cement holdings ltdPenna cement industriesSecurities indiaEdelweiss financial servicesAxis capitalJm financialExchange board of india sebiSri lankan cement company

Penna Cement files DRHP with SEBI to raise ₹1,550 cr - The Hindu BusinessLine

Penna Cement files DRHP with SEBI to raise ₹1,550 cr May 14, 2021 Company targets ₹1,300 crore through fresh issue Penna Cement Industries has filed draft red herring prospectus with market regulator for its initial public offering aimed at raising about ₹1,550 crore. Set up in 1991, the Hyderabad-based company, is promoted by P. Prathap Reddy, Pioneer Builders and PR Cement Holdings Ltd. It has four integrated manufacturing facilities and two grinding units in Andhra Pradesh, Telangana and Maharashtra, with an aggregate cement production capacity of 10 million tonne per annum as of 2018. It is in the process of increasing capacity to 16.50 MMTPA. The company proposes to issue equity shares of ₹10 each at a premium for cash aggregating to ₹1,550 crore comprising of fresh issue of up to ₹1,300 crore and offer of sale of shares by promoters aggregating to ₹250 crore with fresh equity shares.

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