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.
Vedanta is the parent company of Hindustan Zinc.
Floor price for the offer-for-sale set at Rs 2,450 per share.
The company has reserved about 60% of the offer for retail investors, 30% for high net-worth investors and remaining 10% for institutional investors.
The issue was subscribed 2.2 times by the end of day 2.
The public issue comprises only a fresh issue, and there is no offer for sale portion.
The company has fixed a price band of Rs 33-35 per share and investors can bid for 428 shares and in multiples thereof.
The IPO consists of fresh issue of 20,000,000 equity shares of the face value of Rs 10 each aggregating to Rs 66 crore.