Penna Cement plans Rs.13 bn share sale
Penna Cement Industries is planning to raise Rs 13 bn through an IPO and will file its draft offer documents with the markets regulator in about two months.
Cement

Penna Cement plans Rs.13 bn share sale

Penna Cement Industries is planning to raise Rs 13 bn through an IPO and will file its draft offer documents with the markets regulator in about two months. The Hyderabad-based firm, founded in 1991, has hired Edelweiss Financial Services, IIFL Holdings and JM Financial as book runners for the public offering, the proceeds of which will reportedly be used to fund expansion. Currently, Penna Cement has a production capacity of 7 mn tonnes per annum.<br /> <br /> COntact: Penna Cement Industries.<br /> <br /> Tel: 040-4456 5100.<br /> <br /> WEBSITE: www.pennacement.com<br />

Penna Cement Industries is planning to raise Rs 13 bn through an IPO and will file its draft offer documents with the markets regulator in about two months. The Hyderabad-based firm, founded in 1991, has hired Edelweiss Financial Services, IIFL Holdings and JM Financial as book runners for the public offering, the proceeds of which will reportedly be used to fund expansion. Currently, Penna Cement has a production capacity of 7 mn tonnes per annum.<br /> <br /> COntact: Penna Cement Industries.<br /> <br /> Tel: 040-4456 5100.<br /> <br /> WEBSITE: www.pennacement.com<br />

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