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From rags to riches : Nirma founder who sold detergents on a bicycle now has Rs 23,000 crore net worth

From rags to riches : Nirma founder who sold detergents on a bicycle now has Rs 23,000 crore net worth
firstpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from firstpost.com Daily Mail and Mail on Sunday newspapers.

The Man Behind Nirma Washing Powder Who Quit Govt Job To Start Business And Made It A Household Name His Net Worth Will Shock You

Karsanbhai Patel: The Man Behind Nirma Washing Powder Who Quit Govt Job To Start Business And Made It A Household Name. His Net Worth Will Shock You, Business News, Times Now

Nuvoco Vistas makes weak market debut, share lists at 17% discount to IPO price

Nuvoco Vistas makes weak market debut, share lists at 17% discount to IPO price
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Nuvoco Vistas files initial papers with SEBI for ₹5,000-crore public issue

Nuvoco Vistas files initial papers with SEBI for ₹5,000-crore public issue May 06, 2021 Nirma group co plans to raise ₹1,500 crore as fresh capital Nuvoco Vistas Corporation, the cement company of Ahmedabad-based Nirma Group, has filed a Draft Red Herring Prospectus (DRHP) with the markets regulator to raise about ₹5,000 crore through an initial public offering (IPO). This marks the return of the group, helmed by billionaire Karsanbhai Patel, to the capital markets. To pare debt The IPO would comprise a fresh issue of up to ₹1,500 crore and an offer for sale (OFS) of up to ₹3,500 crore. The company will use the proceeds to repay borrowings of about ₹1,350 crore and for general corporate purposes, Nuvoco Vistas said in the DRHP. The promoters are Niyogi Enterprise and Karsanbhai K. Patel, it said.

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