Corporate News     18-Aug-15
Pennar Industries updates on subsidiary
Pennar Engineered Building Systems' IPO to open on 25 August 2015
Pennar Industries announced that its subsidiary, Pennar Engineered Building Systems, will open its initial public offer on 25 August 2015, which consists of a fresh issue aggregating up to Rs. 58 crore and an offer for sale of up to 5,516,141equity shares of the Company of face value of Rs 10 each (“Equity Shares”) by Zephyr Peacock India Fund III, Zephyr Peacock India III Fund, Usha Ramani Potluri, Vikram Chachra and Eight Finance (the “Issue”) at a price band of Rs 170- Rs 178. The Issue closes on 27 August 2015.

The Issue proceeds will be used for repayment/prepayment, in full or part, of certain working capital facilities availed by the Company, financing the procurement of infrastructure (including software and hardware) for the expansion of design and engineering services of the Company and for general corporate purposes.

Previous News
  Pennar Industries to conduct AGM
 ( Corporate News - 10-Sep-24   10:33 )
  Pennar Industries to hold AGM
 ( Corporate News - 10-Sep-24   10:29 )
  Hilton Metal Forging Ltd leads losers in 'B' group
 ( Hot Pursuit - 04-Sep-24   14:45 )
  Pennar Industries
 ( Analyst Meet / AGM - Conference Call 14-Aug-24   09:07 )
  Pennar Industries
 ( Results - Analysis 13-Aug-24   11:28 )
  Pennar Industries consolidated net profit rises 21.05% in the June 2024 quarter
 ( Results - Announcements 13-Aug-24   07:32 )
  Pennar Industries to hold board meeting
 ( Corporate News - 02-Aug-24   14:12 )
  Pennar Inds hits record high after planning to expand PEB plant in UP
 ( Hot Pursuit - 02-Jul-24   12:59 )
  Pennar Industries setting up new plant in Raebareli, Uttar Pradesh
 ( Corporate News - 01-Jul-24   18:54 )
  Pennar Industries
 ( Results - Analysis 24-May-24   08:53 )
  Pennar Industries
 ( Analyst Meet / AGM - Conference Call 24-May-24   08:36 )
Other Stories
  GAIL (India) signs MoU with AM Green
  04-Oct-24   19:27
  EaseMyTrip.com resumes bookings to the Maldives
  04-Oct-24   19:25
  BLS completes acquisition of Dubai-based Citizenship Invest
  04-Oct-24   19:23
  Insecticides India launches new maize herbicide 'Torry Super'
  04-Oct-24   19:21
  Landmark Cars receives LoI from Mercedes-Benz India
  04-Oct-24   19:19
  Astra Microwave Products receives affirmation in credit ratings from CRISIL
  04-Oct-24   19:16
  Supreme Petrochem receives affirmation in credit ratings
  04-Oct-24   19:10
  Astec LifeSciences director resigns
  04-Oct-24   19:08
  Board of Gravita India approves change in directorate
  04-Oct-24   19:05
  Board of Gravita India approves fund raising up to Rs 1,000 cr
  04-Oct-24   19:03
Back Top