The generated funds from the IPO will be allocated towards partial debt repayment, funding working capital needs, and addressing general corporate requirements.
The open offer will start on September 29 and conclude on October 13, as mentioned in an official document received by Sanghi Industries
The estimated timeline for the Engineering, Procurement, and Construction (EPC) phase is 12 months
The plan involves raising funds within a limit of Rs 5,000 crore by issuing equity shares through QIP
OTPP's stake in Mahindra Susten will continue into the InvIT
Aiming to raise Rs 351 crore through this IPO, the Mumbai-based firm has set the upper price band.
The company issued 16.7 lakh shares at a rate of Rs 735 per share, as highlighted in a public announcement.
The BSE midcap and smallcap indices demonstrated a growth of 1% each.
Gulshan Khurana was addressing a panel at the fourth ETTelecom Digital Telco Summit - 2023, which was conducted in conjunction with the TRAI Centre of Studies and Research.
The rise followed a successful joint venture securing an urban project supported by Madhya Pradesh Jal Nigam.
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