Company's Offer for Sale gets 4.5 times subscription application on Day 1.
According to a BSE filing, the parties to the proposed transaction, for which a legally binding memorandum of understanding had previously been signed, had "executed a Share Purchase Agreement and finalized the transaction."
Udayshivakumar Infra IPO consists of fresh issue of 20,000,000 equity shares of the face value of Rs 10 aggregating to Rs 66 crore.
Acquisition done for Rs 18.45 crore.
Indigo stock price up by 0.63% today.
McPhy Energy is a French company.
The shares of the company listed at 17.14% premium on NSE at Rs 164 and 16.43% premium on BSE at Rs 163 per share.
Vedanta is the parent company of Hindustan Zinc.
Floor price for the offer-for-sale set at Rs 2,450 per share.