Live
- Nizamabad MP Dharmapuri Arvind and Jagtial MLA Dr. Sanjay Kumar Meet CM Revanth Reddy
- Hyderabad CP CV Anand Issues Stern Warning to Bouncers
- MP Laxman Criticizes Police Conduct, Calls for Support for Victims' Families
- Fire Breaks Out in Kachiguda-Chennai Egmore Express, Passengers Evacuated Safely
- CM Revanth Reddy Condemns Attacks on Film Personalities' Homes, Calls for Strict Action
- Victory Venkatesh and Nandamuri Balakrishna to Set Screens on Fire with Unstoppable Season 4
- Over 71.81 crore Ayushman Bharat Health Account numbers generated: Centre
- In special gesture, Kuwait's Prime Minister sees-off PM Modi at airport after conclusion of historic visit
- Veer crowned PGTI Ranking champion, Shaurya wins emerging player honour
- Sr National Badminton: Unseeded Rounak Chauhan, Adarshini Shri reach singles semis
Penna Cement gets Sebi nod for Rs 1550 crores IPO
The IPO of Penna Cement consists of a fresh issue of up to Rs 1,300 crore and an offer for sale of up to Rs 250 crore by company’s promoter PR Cement Holdings Limited
Hyderabad: City-based Penna Cement Industries Limited; one of the largest privately held cement companies in India has got Sebi's nod for its Rs. 1, 550crore Initial Public Offering (IPO) according to the update on market regulator website.
The IPO of Penna Cement consists of a fresh issue of up to Rs 1,300 crore and an Offer for sale of up to Rs250 crore by company's promoter PR Cement Holdings Limited.
Edelweiss Financial Services Limited, IIFL Holdings Limited, JM Financial Limited and YES Securities (India) Limited are the Book Running Lead Managers to the issue.
Company plans to utilise the proceeds from the IPO for repayment and/ or pre-payment, in full or in part, of certain borrowings availed by it and general corporate purposes.
