- IPO size: The IPO is expected to raise a total of Rs 4,000 crore, with Rs 2,500 crore coming from a fresh equity issuance and the remaining Rs 1,500 crore from an offer-for-sale (OFS) by existing shareholders.
- Valuation: The offering is expected to fetch a valuation of approximately $7–8 billion.
- Listing timeline: The IPO is expected to be listed by December or by the close of the current financial year.
- Bankers: HDFC Bank is currently in the process of selecting bankers for the IPO.
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BHEL Wins Rs 6,100 Crore NTPC Contract for KTPP
Mon Sep 23 , 2024
NTPC has awarded BHEL a contract worth Rs 6,100 crore for the construction of a 2×800 MW supercritical thermal power plant unit at Khunti in Jharkhand. The project is expected to be completed in 42 months. This is a major win for BHEL, which has been struggling in recent years.The […]
