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News Securities and Exchange Board of India approves Nuvoco Vistas’ US$670m initial public offering

Securities and Exchange Board of India approves Nuvoco Vistas’ US$670m initial public offering

Written by Global Cement staff 20 July 2021
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India: Nuvoco Vistas has received approval from the Securities and Exchange Board of India to launch an initial public offering (IPO) of shares worth US$670m. The Hindu newspaper has reported that the offering will consist of a US$201m issuance of shares and a US$469m offer for sale. Around US$180m of the funds will be used to reduce the group’s debts and the remainder will be used for general corporate purposes.

Last modified on 21 July 2021
Published in Global Cement News
Tagged under
  • India
  • Nuvoco Vistas
  • IPO
  • Shares
  • corporate
  • Debts
  • Securities and Exchange Board of India
  • GCW515
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