SKIL Infrastructure Plans initial public offering IPO

SKIL Infrastructure plan initial public offeringInitial public offer of SKIL Infrastructure (Pipavav’s parent company SKIL Infra) expected to be rolled out by the year-end, Nikhil Gandhi, Chairman, said that Pipavav Shipyard is likely to file a DRHP (Draft Red Herring Prospectus) of SKIL Infra in one or two months.
The company plan to raise about Rs 1,500 crore through an IPO (initial public offering). SKIL is a privately held company in which Gandhi family holds 94 per cent stake.
The company recently bagged a Rs 10,900-crore tourism-led infrastructure project in Himachal Pradesh, It is a one of the largest projects in the country.

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