Nuvoco Vistas files IPO papers with SEBI

Nirma group cement company Nuvoco Vistas Corporation has filed a draft red herring prospectus with capital markets regulator SEBI to launch an IPO worth Rs 5,000 crore.

Nirma group cement company Nuvoco Vistas Corporation has filed a draft red herring prospectus with capital markets regulator SEBI to launch an IPO worth Rs 5,000 crore.

The issue will comprise a fresh issue of shares of up to Rs 1,500 crore and an offer-for-sale (OFS) of up to Rs 3,500 crore by its promoter selling shareholder Niyogi Enterprise Private Ltd which holds 86.56 percent stake in the company. Nine years ago, Nirma group’s shares were delisted from exchanges.

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