Technopaints And Chemicals Submits DRHP For Proposed IPO, Plans To Raise As Much As ₹500 Crore
Mumbai: Technopaints and Chemicals Ltd has filed a draft red herring prospectus with Sebi for an initial public offering worth up to ₹500 crore. The proposed IPO combines a ₹325 crore fresh issue with a ₹175 crore offer for sale by existing shareholders. Each equity share has a face value of ₹5. Promoters Akuri Srinivasa Reddy and A. Sandhya plan to sell shares worth up to ₹90 crore and ₹30…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
