Alstom T&D India is in process of raising up to Rs 294 crore through sale of shares to institutional investors on November 29. The company is offering 16,942,500 equity shares of Rs 2 each by way of an institutional placement programme (IPP) to qualified institutional buyers.
The price band for the issue shall be Rs 159-174 per equity share and the company has appointed ICICI Securities as the book running lead manager to the issue. At the upper end of the price band, the company is expected to garner Rs 294 crore.
This share sale is part of company’s effort to meet market regulator SEBI’s norm of minimum 25% public shareholding in the private sector listed companies.
The price band for the issue shall be Rs 159-174 per equity share and the company has appointed ICICI Securities as the book running lead manager to the issue. At the upper end of the price band, the company is expected to garner Rs 294 crore.
This share sale is part of company’s effort to meet market regulator SEBI’s norm of minimum 25% public shareholding in the private sector listed companies.
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