Question
Which of the following firm has files preliminary papers
with Sebi to raise funds via IPO?Solution
· Corrtech International (pipeline laying solutions provider), has filed preliminary papers with capital markets regulator SEBI to raise funds through an initial public offering. · The public issue comprises fresh issuance of equity shares worth Rs 350 crore and an offer for sale of 40 lakh shares by promoters, draft red herring prospectus (DRHP) filed with Sebi showed.
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