SKIL Infrastructure Intends To IPO

SKIL InfrastructureSKIL Infrastructure intends to increase about Rs 1,800 cr – Rs 2,200 cr via a private placement and an Initial public offering.

It intends to mobilise Rs 1,000 crore-Rs 1,200 cr by way of IPO during 2011. The firm also wishes to mobilise around Rs 800 cr – Rs 1,000 cr via private placement through FII, the SKILGroup Chairman, Mr Nikhil Gandhi, informed Business Line on Monday.

“We want to have the Initial public offering in between July and September. The pre-IPO private- placement, we’ll make over the next several weeks,” he added. He explained that the firm is in discussions with financial investors – mainly overseas investors.


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