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Shriram Properties files draft papers with Sebi to launch Rs 800 crore IPO
PTI
New Delhi |
Updated on
April 10, 2021
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Shriram Properties proposes to utilise the net proceeds from the fresh issue towards repayment and/ or pre-payment of debt and general corporate purposes.
Bengaluru-based Shriram Properties has filed a draft document with market regulator Sebi to raise up to Rs 800 crore through an initial public offer (IPO). According to sources, Shriram Properties filed the draft red herring prospectus (DRHP) on Friday. As per DRHP, the company proposes to raise up to Rs 800 crore through IPO. Out of the total IPO size, it plans to raise Rs 250 crore through fresh issue of equity shares and Rs 550 crore through offer for sale.
Shriram Properties files draft papers for Rs 800 crore IPO
Shriram Properties has proposed partial exits to its four existing investors TPG Capital, Tata Capital, Walton Street Capital, and Starwood Capital, which hold around 58 per cent stake in the company
PTI | April 10, 2021 | Updated 22:54 IST
Bengaluru-based Shriram Properties has filed a Draft Red Herring Prospectus (DRHP) with the market regulator to raise up to Rs 800 crore through an Initial Public Offer (IPO).
Out of the total IPO size, it plans to raise Rs 250 crore through fresh issue of equity shares and Rs 550 crore through offer for sale.
Shriram Properties has proposed partial exits to its four existing investors TPG Capital, Tata Capital, Walton Street Capital, and Starwood Capital, which hold around 58 per cent stake in the company.
: Saturday, April 10, 2021, 12:37 PM IST
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Bengaluru-based Shriram Properties has filed a draft document with market regulator Sebi to raise up to Rs 800 crore through an initial public offer (IPO).
According to sources, Shriram Properties filed the draft red herring prospectus (DRHP) on Friday.
As per DRHP, the company proposes to raise up to Rs 800 crore through IPO. Out of the total IPO size, it plans to raise Rs 250 crore through fresh issue of equity shares and Rs 550 crore through offer for sale.
Shriram Properties files draft papers for Rs 800 crore IPO businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.