Triveni Infra plans IPO
Triveni Infrastructure Development Company Ltd, a real estate developer with primary focus on the NCR region, intends to tap the capital market to raise about Rs 400 crore with an initial public offering of 80 lakh equity shares of Rs 10 each for cash at a premium to be decided through a 100 per cent book-building process.
The company said the proceeds from the IPO were to part finance land acquisition and approval cost for some of its residential and commercial projects.
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