Avaada Electro files updated draft papers for ₹7,600-crore IPO
What to know
- Of the proceeds from the fresh issue, ₹1,200 crore will be used to repay or prepay certain loans and meet obligations under letters of credit. The remaining amount will be utilised for general corporate purposesS1
- Avaada Electro has cut its proposed IPO size to Rs 7,600 crore in its updated filing with SEBI, from Rs 9,000 crore-Rs 10,000 crore indicated earlier.S2
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Thehindubusinessline
Avaada Electro files updated draft papers for ₹7,600-crore IPO
Of the proceeds from the fresh issue, ₹1,200 crore will be used to repay or prepay certain loans and meet obligations under letters of credit. The remaining amount will be utilised…
2mos
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Avaada Electro Cuts Proposed IPO Size To Rs 7,600 Crore In Updated DRHP
Avaada Electro has cut its proposed IPO size to Rs 7,600 crore in its updated filing with SEBI, from Rs 9,000 crore-Rs 10,000 crore indicated earlier.
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IndiaWhat to know
- Of the proceeds from the fresh issue, ₹1,200 crore will be used to repay or prepay certain loans and meet obligations under letters of credit. The remaining amount will be utilised for general corporate purposesS1
- Avaada Electro has cut its proposed IPO size to Rs 7,600 crore in its updated filing with SEBI, from Rs 9,000 crore-Rs 10,000 crore indicated earlier.S2
Timeline · newest first
2mos
Feedburner:ndtvprofit Latest
Avaada Electro Cuts Proposed IPO Size To Rs 7,600 Crore In Updated DRHP
Sources · 2 citations
S1
Thehindubusinessline
1 report · EN
S2
Feedburner:ndtvprofit LatestLead
1 report · EN
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