Southern based Sabari Inn Intent 170 cr IPO

Southern based Sabari Inn Intent 170 cr IPOSouthern based Sabari Inn, part of Sabari-Group, has filed drhp with the stock market regulator Securities and Exchange Board of India to its Rs 170 cr Initial public offering.

The ipo issue comprises of a new issue of Rs 125 cr as well as an offer for sale of Rs 45 cr by ICICI Prudential AssetManagement Company Limited, India Opportunitie’s Portfolio ICICIPrudential PMS India Real-Estate Securities Series- I and India Opportunity Real Estate Fund. Equity stocks value Rs 1 cr will be arranged in the issue for subscription through qualified employees.

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