As per the data shared, as of 12.30 PM, the rights issue has received bids of about 130 Crore shares against 80 Crore shares offered for subscription.
Both contracts also involve architectural finishing, water supply, sanitary systems, and drainage works for stations along the Danapur-Khemnichak Corridor.
The proposed project will construct an underground corridor of metro of length 8.65 km & metro stations.
The divestment enables Steiner Development AG (SDAG), a subsidiary of SAG, to operate independently under m3 Immobilier and plan for a Swiss IPO.
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