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Signature Global (India), a Delhi NCR-based affordable housing company, is seeking to raise capital through a public issue amounting to Rs 730 crore.
Nirma Ltd. will conduct a required open offer to all public shareholders of GLS in accordance with SEBI regulations.
Adani Group verified the formation of the entity, Dharavi Redevelopment Project Pvt Ltd, without going into further detail.
The company, which enjoys backing from global investors such as Equity International, ACIC Mauritius, and Goldman Sachs
The price band for this offering, which is set to close on September 22, is fixed at Rs 366-385 per share.
The Government has received about Rs 1556 crore and Rs 88 crore as dividend tranches from Coal India Ltd. and BHEL, respectively.
The board will discuss issuing private non-convertible debentures (NCDs) as part of their routine refinancing
The IPO consists of a fresh issue of shares valued at Rs 603 crore and an offer-for-sale of Rs 127 crore.
Signature Global India aims to raise Rs 730 crore through the public issue, with the upper end of the price band set at Rs 366-385 per share.
Major factors contributing to the bearish trend include foreign fund outflows and a downturn in HDFC Bank's performance