The company hopes to raise around Rs 300 crore (Rs 3 billion) through this route, in addition to Rs 200 crore (Rs 2 billion) it plans to raise through a rights issue.
Mumbai-based Gammon Infrastructure wishes to buy stakes in international airport projects. The company is already in talks with companies that have won such projects in developing economies. "We expect the first such deal to close in six months," said Managing Director Parvez Umrigar.
Sebi should change the way issues are graded, say experts. In fact, the higher the grade of an IPO, the poorer has been its performance in the market.
The proposed initial public offering of Gammon Infrastructure Projects is unlikely to face any regulatory hurdle following the recent Securities and Exchange Board of India's order.
Tata Power, GMR Energy and GVK Power are eyeing the capital's Rs 175-cr first waste-to-energy project.
The labour force at large has turned less needy, due to various government financial incentives and freebies.
On July 31, one of the five shortlisted companies, IRB Infrastructure, had said it would not bid for MTHL.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Most of these road contracts are spread across Andhra Pradesh, Haryana, Karnataka, Odisha, Rajasthan, Tamil Nadu, Uttarakhand and West Bengal, with the government struggling to restart them.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
As FIIs pull out of road projects, doubts have surfaced about the future of new highways and roads
With its new hybrid annuity model, the government is confident of getting more funds from India Inc.
Broad-based buying aided sentiment and the market registers record turnover at Rs 6.86 lakh crore
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Benchmark share indices ended lower on profit taking after they touched record highs in the previous session.
The crisis in Indian banking has now reached a point where the NPAs of many public-sector banks are higher than their net worth
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