Business   

MBL Infra to raise Rs. 100 crore

NEW DELHI: The initial public offering (IPO) of MBL Infrastructures, an integrated infrastructure construction and project development and maintenance company, opened on Friday offering 57 lakh equity shares of Rs. 10 each at a price band of Rs. 165-180. The issue is being made through a 100 per cent book-building process. The issue closes on December 1. The main purpose of the IPO is to invest in capital equipment and for working capital requirements.

The offer size will be around Rs. 100 crore out of which MBL has projected a capital expenditure plan of about Rs. 55 crore.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Sensex recovers from day’s low
U.S. stocks tumble
Tata Motors reports Rs. 22 cr consolidated profit in Q2
RBI to ask banks to furnish exposure details
Sentiment in realty sector may take a hit
Infrastructure sector growth rises
Marginal drop in exports in October
MBL Infra to raise Rs. 100 crore
Reliance Capital to acquire Quant Capital
TCS to go in for major recruitment drive
IBA, bank unions reach agreement
Credit exposure to UAE less than Rs. 1,500-crore: SBI
Gold tumbles on Dubai debt concerns
Exchange Rates
Bullion Rates
Avaya to acquire Nortel’s business
Premier Inn launches hotel in Bangalore
TCISL joins hands with Sabeer Bhatia
Pervasive Software ties up with Tiara
RCom’s new SMS tariff plans
DBS Cholamandalam offers new products
DQE signs deal with Sony Pictures
MBL Infrastructure ropes in anchor investors

Copyright © 2009, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu