Nuvoco Vistas IPO opens Aug 9

Nirma group cement company Nuvoco Vistas Corporation Ltd IPO will open for subscription on Monday, 9 August, at a price band of Rs 560-570 per share of face value of Rs 10 each. The issue will close on Wednesday, 11 August. Nine years ago Nirma shares were delisted from exchanges. The Rs 5,000 crore public issue comprises a fresh issue of shares worth Rs 1,500 crore and an offer for sale (OFS) of Rs 3,500 crore by its promoter entity Niyogi Enterprise Pvt. Ltd. Niyogi Enterprises holds an 86.56 per cent stake in the company. Full story

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