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Nuvoco Vistas set to file papers for INR50bn IPO 07 May 2021 India’s Nuvoco Vistas Corp is shortly expected to file preliminary papers with the Securities and Exchange Board of India to raise INR50bn (US$679.35m) through an initial public offering. The sale would consist of INR15bn of new shares and an offer for sale of INR35bn by its promoters, according to the Economic Times. The proceeds are expected to be used for loan repayments and general corporate purposes. Published under ....
Nirma Group backed, Nuvoco Vistas files for 5k cr IPO equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
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. ....
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. ....
Nuvoco Vistas plans US$677m initial public offering Written by Global Cement staff 06 May 2021 India: Nirma Group subsidiary Nuvoco Vistas plans to launch a US$677m initial public offering (IPO). The Economic Times newspaper has reported that the IPO consists of a US$190m – US$203m fresh issue and a US$474m offer for sale. The company’s targeted valuation after listing is US$4.74bn, in line with the value of Switzerland-based LafargeHolcim subsidiary ACC. Nuvoco Vistas first acquired its cement assets from Lafarge India in 2017. Last modified on 12 May 2021 ....