MEP Infrastructure gets Sebi nod for Rs 360-crore IPO Toll management company MEP Infrastructure Developers has received market regulator Sebis approval to raise Rs 360 crore through an initial public offer (IPO). The Mumbai-based company had filed its draft papers with the Securities and Exchange Board of India (Sebi) for the proposed public offer in September. Sebi issued its final observations on the draft red-herring prospectus (DRHP) documents on December 9, according to the latest update by the capital markets regulator. Issuance of observations on offer documents by Sebi is considered as a clearance to the issuer to go ahead with the share issues through routes like IPOs, FPOs and rights issue. MEP Infrastructure, promoted by the Mhaiskar family, plans to enter capital markets with a public issue of equity shares worth up to Rs 360 crore. Source: moneycontrol moneycontrol/news/ipo-news/mep-infrastructure-gets-sebi-nod-for-rs-360-crore-ipo_1259357.html?utm_source=ref_article
Posted on: Wed, 24 Dec 2014 13:25:22 +0000
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