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Emami Cement files for Rs 10 bn IPO of fresh and existing shares

Reuters/ 12 Oct 18 | 05:39 PM

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India's Emami Cement Ltd has filed for an initial public offering of shares worth up to 10 billion rupees ($135.94 million), it said in a filing on Friday.

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The offering consists of a fresh issue of shares of up to five billion rupees and an offer for sale of shares by existing shareholders up to 5 billion rupees.

ALSO READ: Emami stock: Analysts worried about new launches and high input costs

The Kolkata headquartered company is a part of the Emami Group and has cement plants in West Bengal, Chattisgarh and Odisha.

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