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Sailing like a champ – Mundra port and Special Economic Zone (MPSEZ)

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Mundra port and Special Economic Zone (MPSEZ), an Adani group promoted company and developer and operator of the Mundra port, plans to raise up to Rs 1,750 crore through an initial public offer. The IPO comprises a net issue of 41.5 million equity shares. It is being offered via a 100% book-building process in the price band of Rs 400-440 per share of face value of Rs 10 each. The offer represents 10% of MPSEZ’s post-issue capital. Bulk of the proceeds will be used to develop a coal terminal and construction and development of basic infrastructure in the proposed SEZ at Mundra. A small part of the proceeds will go as equity investments in other infrastructure projects being developed by the Adani group. Read More…

Source : economictimes.indiatimes.com

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