NEW DELHI: Nuvoco Vistas Corporation, part of the Nirma Group, on Wednesday said it has fixed a price band of Rs 560-570 a share for its Rs 5,000 crore initial public offering.
The three-day initial share-sale will open for public subscription on August 9 and conclude on August 11, the company announced.
The initial public offering (IPO) comprises fresh issue of shares worth Rs 1,500 crore and an offer for sale of Rs 3,500 crore by promoter Niyogi Enterprise.
Proceeds of the fresh issue will be used to repayment of certain loans availed the company and general corporate purpose.
Half of the issue size has been reserved for qualified institutional buyers (QIBs), 35 per cent for retail investors and the remaining 15 per cent for non institutional investors.
Nuvoco Vistas IPO to open on Aug 9, price band set at Rs 560-570/share
dtnext.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dtnext.in Daily Mail and Mail on Sunday newspapers.
Nuvoco Vistas gets Sebi approval to raise Rs 5,000 crore through IPO
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
The ad scripted the perfect underdog win, dethroning the market giant, Surf.
08 Jul, 2021 - 09:18 AM IST | By Anupama Sajeet
MUMBAI: It s Thursday once again, and in continuation of our Throwback series featuring prolific marketing campaigns from the past, we rewind to an ad that is sure to invoke nostalgia in most of us.
Remember the visuals of a little girl in a frilly white frock twirling to the tune of a catchy jingle? It remains one of the most enduring images from television commercials of the 80s. Yes, we are referring to the ‘Washing Powder Nirma’ advertisement, which played a key role in catapulting an underdog, regional, barely known brand into the national limelight and in scripting its marketing success. Admit it, the song “