Emami Cement files for up to Rs 10 billion IPO

The offering consists of a fresh issue of shares of up to five billion rupees and an offer for sale of shares by existing shareholders up to 5 billion rupees.

Published: 12th October 2018 05:52 PM  |   Last Updated: 12th October 2018 05:53 PM   |  A+A-

Image for representational purpose only.

By Reuters

India's Emami Cement Ltd has filed for an initial public offering of shares worth up to 10 billion rupees ($135.94 million), it said in a filing on Friday.

The offering consists of a fresh issue of shares of up to five billion rupees and an offer for sale of shares by existing shareholders up to 5 billion rupees.

The Kolkata headquartered company is a part of the Emami Group and has cement plants in West Bengal, Chattisgarh and Odisha.

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