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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. ....
Andhra Pradesh mulls reopening schools Updated: Updated: January 25, 2021 11:08 IST A sharp decline in COVID-19 infections comes as a shot in the arm for the Education Department which is keen on moving to the regular classroom teaching for students of all classes soon. However, it appears the hybrid model of learning is here to stay Share Article AAA A sharp decline in COVID-19 infections comes as a shot in the arm for the Education Department which is keen on moving to the regular classroom teaching for students of all classes soon. However, it appears the hybrid model of learning is here to stay ....