India : DB Realty to raise Rs 1500 cr, files IPO prospectus.Mumbai-based real estate developer DB Realty will raise Rs 1,500 crore n. 1. Ten millions; as, a crore of rupees (which is nearly $5,000,000) s>. Noun 1. crore - the number that is represented as a one followed by 7 zeros; ten million through an initial public offer and has filed the draft prospectus with market regulator Sebi for the same.DB Realty is into developing residential and commercial projects, including parks and villas. Sources said the company intends to offload 10 per cent of its equity and has filed the Draft Red Herring Prospectus A red herring statement is a document submitted by a company (issuer) who intends on having a public offering of securities (either stocks or bonds). Most frequently associated with an Initial Public Offering (IPO), this registration statement MUST be filed with the Securities (DRHP DRHP Draft Red Herring Prospectus ), joining the club of players in the sector who collectively are looking at raising over Rs 11,000 crore from the capital market. The issue would also comprise a green shoe option of up to 10 per cent. On Tuesday, realty players like Sahara Prime City, Emaar MGF MGF In currencies, this is the abbreviation for the Malagasy Franc. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. and Lodha filed DRHPs to raise over Rs 11,000 crore. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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