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Success Story Of Karsanbhai Patel

Success Story Of Karsanbhai Patel
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Alya, what is this passion like? | અલ્યા, આ પેશન કેવું હોય?

Alya, what is this passion like? | અલ્યા, આ પેશન કેવું હોય?
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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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Nuvoco Vistas IPO: Nirma Group-backed Nuvoco Vistas files papers for Rs 5,000-crore IPO

Explore Now MUMBAI: Nirma Group-backed Nuvoco Vistas Corp today filed draft red herring prospectus with the Securities and Exchange Board of India (Sebi) for a Rs 5,000-crore initial public offering. As per the draft papers, Nuvoco Vistas will issue fresh shares worth Rs 1,500 crore through public offer and its promoter Niyogi Enterprises Ltd will sell shares worth Rs 3,500 crore in an offer for sale. The cement maker plans to use the majority of the proceeds from the fresh issue of equity shares to pare down its debt and for general purposes. As on March 31, the company had total borrowings of Rs 7,642 crore.

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Nuvoco Vistas IPO: Nuvoco Vistas likely to file DRHP for Rs 5,000 crore IPO this week

The IPO includes a fresh issue of Rs 1,400-1,500 crore and an offer for sale of Rs 3500 crore by the promoters, according to market sources.

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