BI India Bureau29 Mar 2024, 17:02
Shapoorji Pallonji group’s construction company, Afcons Infrastructure, filed a DRHP with the market regulator, SEBI, to raise funds through a public issue. It intends to raise as much as ₹7,000 crore through this initial public offering (IPO). The IPO, with a face value of ₹10 per equity share, is a mix of fresh issue of shares of ₹1,250 crore and an offer for sale of up to ₹5,750 crore by Goswami Infratech.