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Shapoorji Pallonji Group's Afcons Infra gets nod for ₹7,000-cr IPO
short by Bhawana Chaudhary / on Monday, 16 September, 2024
Afcons Infrastructure, the infrastructure unit of Shapoorji Pallonji Group, has received market regulator SEBI's nod for raising ₹7,000 crore through its maiden share issue. The IPO includes fresh issue of ₹1,250 crore and an offer for sale segment worth ₹5,750 crore by Goswami Infratech. The company's promoters currently hold 99.48% stake and the sale will mark the group's second IPO.
read more at NDTV Profit