BRNL get SEBI nod for IPO
DSIJ Intelligence / 01 Jun 2017
The Securities and Exchange Board of India (SEBI) has granted approvals to both Bharat Road Network Ltd.(BRNL) to raise funds through initial public offer (IPO).
The Securities and Exchange Board of India (SEBI) has granted approvals to both Bharat Road Network Ltd.(BRNL) to raise funds through initial public offer (IPO). BRNL had submitted documents for their IPOs on February 17,2017.
BRNL will issue about 29.3 million equity shares with the face value of Rs 10 each through IPO. The amount received from the issue will be utilised for advancing the subordinate debt to its subsidiary (STPL) for the financing of STPL project
Book Running Lead Managers to the Issue of BRNL are Inga Capital Private Limited, Investec Capital Services (India) Private Limited and Srei Capital Markets Limited (SCML).
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.